Its Daily chart of cummins india.
As can be seen a bigger falling channel breakout is followed by a formation of another falling channel.
Second falling channel breakout done.
Price has just closed above previous resistance of 908-910, with increased volume and strong candle spread.
This resistance area has been tested 5 times before. Price has managed to close above it this time.
Its on verge of making ATH.
Long above 910-914 can give 930/947/960/974
As can be seen a bigger falling channel breakout is followed by a formation of another falling channel.
Second falling channel breakout done.
Price has just closed above previous resistance of 908-910, with increased volume and strong candle spread.
This resistance area has been tested 5 times before. Price has managed to close above it this time.
Its on verge of making ATH.
Long above 910-914 can give 930/947/960/974