Description
⋅ 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.