Cummins India near to breakout - Level and Support

5 lip 2020

Many Broker house bullish on Cummins India for Long and suggesting the Target between 448-465. But we have different view on it.
Stock's Relative Strength is decreasing in Benchmark and Sectoral both index and also Stock is treading below 100EMA and 200EMA.

Stock strikes with High increase in Call and Put OI and Aggressive New Long position buildup as well. it's following Fib retracement levels and price is moving under triangle pattern.

Showing BULLISH on below indicator:
CCI in Overbought zone
RSI is Treading UP
Stoch is Treading UP
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Support : 392 and 380
Breakdown : 398
CMP : 409
Breakout : 413
Short Target : 420 (Very Strong Resistance) and 427
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Negative Point:
1) Stock's Relative Strength is decreasing in Benchmark and Sectoral both index
2) Stock is treading below 100EMA and 200EMA.
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(Disclaimer: This is only for educational purpose.)

6 lip 2020

Transakcja zamknięta: osiągnięto wyznaczony cel

Hit 420 and 427 both Target Today.............