Cummins - Bullish trade
Stock is in uptrend, i.e. making higher highs and higher lows.
Made rounding bottom patterns, gave a breakout from symmetrical triangle pattern and finally cracked 2018 highs.
Stock did a retracement with market correction, took support from first support level and looks like a good buy at CMP. Add more units when price breaks 1045 on higher side, Stock has potential to touch 1200 and make new highs in next 6 months timeframe.
Cant see any near by stop loss, I don't think stock will go below 850-900 levels in normal market conditions.
Made rounding bottom patterns, gave a breakout from symmetrical triangle pattern and finally cracked 2018 highs.
Stock did a retracement with market correction, took support from first support level and looks like a good buy at CMP. Add more units when price breaks 1045 on higher side, Stock has potential to touch 1200 and make new highs in next 6 months timeframe.
Cant see any near by stop loss, I don't think stock will go below 850-900 levels in normal market conditions.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.