CUMMINS INDIA gave a fresh CUP & HANDLE pattern breakout on weekly timeframe ,
.
.
Factors Supporting this breakout :-
1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders.
2)MACD:- MACD is showing is a positive divergence and also currently placed above the center line .
3) Strong Weekly Bullish Candle .
So one can enter this trade with his/her 50% capital according to risk management for this stock and add rest if it retest the the breakout level .
our stoploss will below this week low that is 1018 , and i am leaving the target level upto you guys as it can really big .
This is only for educational purpose , excute trade only after doing your own research and according to your risk appetite .
HAPPY TRADING
.
.
Factors Supporting this breakout :-
1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders.
2)MACD:- MACD is showing is a positive divergence and also currently placed above the center line .
3) Strong Weekly Bullish Candle .
So one can enter this trade with his/her 50% capital according to risk management for this stock and add rest if it retest the the breakout level .
our stoploss will below this week low that is 1018 , and i am leaving the target level upto you guys as it can really big .
This is only for educational purpose , excute trade only after doing your own research and according to your risk appetite .
HAPPY TRADING