CUMMINS is forming a very good cup and a horizontal handle.
Can consolidate bit more here before staging an up move
If materialises, a really good R:R Trade.
Sister stock movement in capital goods stocks like ABB, SIEMENS in past couple of weeks.
ABB gave a weekly Cup & Handle breakout last week.
"Three Soldiers" off from base.
Price above the value area of channel with good volumes.
Any consolidation and breakout is a buying opportunity until price stays above the value area.
Always Think R:R.
About to breakout from top of the channel with Cup and Handle breakout.
This is going to be the second time VBL is going to breakout from a channel after its post IPO period.
Highly Bullish structure in my opinion.
Expect more consolidation and up move as this is an FMCG stock.
Good for investment. Fundamentals are great.
Do Think about R:R before...
Siemens ready to breakout from the Top of a Long Term Channel - Buyers are very aggressively pushing the prices up.
"Three Soldiers" pattern in Weekly chart from previous base.
PS: Results due today.
Holding it at from 3000 levels when the stock came out from a pretty good base.
New positions to be taken after consolidation and a break out above the...
