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Published on 23/09/2019 9:21:41 AM | Source: LKP Securities Ltd

Pick Of The Week : Cummins India Ltd - LKP Securities

Posted in Broking Firm Views - Short Term Report| #Cummins India Ltd #LKP Securities Ltd #Trading Report

* Stock has given strong range breakout on 2 hours as well as daily chart with good volume hinting stock is all set to move northwards

* On weekly chart stock is trading in falling channel pattern and recently prices has rebound from lower band of the channel hinting next move can be expected towards upper band of the channel

* Good positive divergence is witnessed on daily chart hinting good accumulation happened before breakout.

Recommendation

Buy CUMMINS INDIA Ltd @ 596 SL 571 TGT 632 CMP 596

 

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