Cummins spot cmp 471
Bullish Deep Crab pattern formation
PRZ around 290 to 320
Price action have given good reversal from PRZ zone and counter is making higher high and lower high from the base made around PRZ zone,,indicating trend reversal in counter,,
Falling parallel channel formation
counter is trading in falling channel pattern since last 3 years,, recently counter have given breakout from mid trendling of falling channel indication price can move higher to touch resistance line of parallel channel.
RSI indicator have given breakout from resistance trend line after 4 years indicating early signs of trend reversal on cards,,,
Counter is trading in 91 weekly trading cycle, where it makes peak after every 91 weeks and touches resistance line of falling channel..
counter is trading in 88 weekly trading cycle, where it makes bottom after every 88 weeks and touches support line of falling channel.