Cummins India - Chance for a multi-year breakout

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

Comment:

1437 and still going strong

Comment:

Closed at 1943. up almost 55% in one year.