Here's why Mehul Kothari is bullish on Cummins India, Delta Corp

According to the technical analyst from Anand Rathi, Cummins India has confirmed a multiyear breakout above the Rs 1,050-level.

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Mehul Kothari Mumbai
BUY CUMMINSIND
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

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First Published: Mar 22 2022 | 7:24 AM IST

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