Wednesday, 2 August 2017

IN THE LIGHT OF RESULTS ; CUMMINSIND BULLISH


buy CUMMINSIND above 1000 TGT 1019/1040 SL 975


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Primary trend of the CUMMINSIND is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1000 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 60, one may expect the targets of 1019/1040 in the stock if it manages to sustain above the immediate support level of 975. 55 EMA can see as a strong support at 950. it is likely to experience fresh buying with the crossing of resistance level of 1000 . Today, CUMMINSIND closed above monthly pivot point levels. Pivot point of 975 seen as a strong support on intraday charts.
DAILY CHART FOR CUMMINSIND:

4 comments:

  1. what stocks should i buy for 2-3 months delievery basis?

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    Replies
    1. To get holding calls, WHATS UP ME ON 09039542248

      Delete
  2. can I trade at cumminsind?? Is it excuted..?

    ReplyDelete