CUMMINSIND rose with good volumes but was not able to break the trendline. Bears pushed it down and closed it at S/R level. Bears seemed to have taken the control and plan to push it down.
It is been observed on the daily chart that the price action formed an exhaustion candle on the crucial support levels indicating a strong buyers coming back in the market. Now, it shall further move up.
Target: 170
Stoploss: 158
Regards