Stock Analysis of Cummins Ltd.
Price - 833.10 Dt. - 11.06.2021
Yesterday, the stock broke the trendline with near-average volume and today it took support at the trendline and moved back. The stock closed in red but it gave closing above the trendline which shows stock can still move upward.
Stock is above the 21DEMA and 50DEMA, in fact, 21DEMA is ready to cross the 50DEMA from below. RSI is in the neutral zone.
The resistance line is placed at 929.35.
Yesterday, the stock broke the trendline with near-average volume and today it took support at the trendline and moved back. The stock closed in red but it gave closing above the trendline which shows stock can still move upward.
Stock is above the 21DEMA and 50DEMA, in fact, 21DEMA is ready to cross the 50DEMA from below. RSI is in the neutral zone.
The resistance line is placed at 929.35.
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