Expecting a Bullish Move in CUMMINSIND

As per the 2 Hour Chart of CUMMINSIND, we have witnessed a formation of a bullish engulfing on the downside levels.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 1001.85, 1017.85, and 1029.15. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 976.90, on closing basis.
Closing Price (as on 17.05.22) : 991.80


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Kommentar:

CUMMINSIND has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 1.01% approx.

Kommentar:

CUMMINSIND has successfully reached all of its predicted levels of Resistance, reflecting an upmove of 3.77% approx.