CUMMINS INDIA LTD
Long
Updated

Cummins India - Chance for a multi-year breakout

504
Cummins India stands on the cusp of a multi-year breakout on a monthly chart.

The price is near its lifetime high of 1247 achieved in August 2015.

We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.

As always, do place a stop loss before initiating a trade.

Note: Personal analysis, not a buy/sell recommendation

Here's my past analysis on Cummins India
Cummins India gears up to move up
Note
1437 and still going strong
Note
Closed at 1943. up almost 55% in one year.

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