Cummins India - Chance for a multi-year breakout

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Cummins India stands on the cusp of a multi-year breakout on a monthly chart.

The price is near its lifetime high of 1247 achieved in August 2015.

We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.

As always, do place a stop loss before initiating a trade.

Note: Personal analysis, not a buy/sell recommendation

Here's my past analysis on Cummins India
Cummins India gears up to move up
Ghi chú
1437 and still going strong
Ghi chú
Closed at 1943. up almost 55% in one year.
cumminsindanalysiscumminsindiaSupport and ResistanceTrend Lines

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