Price Ranging In a channel.
Price is on the verge of crossing daily resistance.
Increased Volume on last day.
Also its nearing results, which are expected to be good...
Positional trade can be taken...Levels given...
Long Above 601, SL 591,
I am just posting this because you can learn from work. How did I catch move?
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Yeah, let me write one more line... I am not giving 1,2,3 steps targets... but directly saying /// always about move. .....
Cumminsind stayed strong and managed to register a close above an important pivot level. 600 will serve as another resistance in the coming week above which the stock can rally hard "bohot hard" Also noticing an inverse H&S in the stock. The swing of right shoulder can be kept as a stop loss. The RSI has started moving into the 60's and MACD is above the zero...
#CUMMINSIND has given breakout from downtrend, key resistance levels to look for are 585 to 595.
Breakout would be strong if enough volume is seen, currently it's in sideways trading in range.
Breakout from box would give clear picture.