Refer chart for target and stoploss. Indicators are showing bullish signal.RSI,STOC,MACD,CCI are in bullish mode, and ADX showing bearish reversal. This all helps to move up further.
Target of 840 820 in the coming days. Since it has breaken the channel, it is safe to assume that share was being distributed at these levels till now and have started moving lower now.
NSE:CUMMINSIND has been consolidating in the range of 870 to 950 for past 4 months.
Today (27th October) there is a sudden surge in the volume and price come to the low of 870 and raised to close at 912.
One can go long above 954
T1 - 986
T2 - 1049
SL - 900