TARGET: Rs 1,180
STOP LOSS: Rs 980
In recent sessions, Cummins India confirmed a multiyear breakout above the Rs 1,050-mark and closed above the same. If we go through the monthly line chart then it can be seen that the stock is about to confirm a major breakout if it closes the month above 1,000 mark.
The current price action indicates strong possibility of stock closing the month above Rs 1,000 mark. In that scenario; the doors will be open for an upside towards Rs 1,300 – Rs 1,400 in the coming months. Thus; short term traders are advised to buy the