{"id":3990,"date":"2013-12-02T11:15:49","date_gmt":"2013-12-02T05:45:49","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=3990"},"modified":"2019-06-06T19:39:00","modified_gmt":"2019-06-06T14:09:00","slug":"cummins-india-another-stock-to-include-in-portfolio","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/cummins-india-another-stock-to-include-in-portfolio\/3990","title":{"rendered":"Cummins India: Another Stock To Include in Portfolio"},"content":{"rendered":"<p>Cummins India is one of the fundamentally sound companies with quality management. After being in a downward corrective mode, the stock has resumed its uptrend since August 22. As highlighted in the chart below, the stock has moved above the blue balance line, which is a major sign of strength.<\/p>\n<a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-Daily1.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-3993\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-Daily1.png\" alt=\"Cummins Daily\" width=\"1336\" height=\"603\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-Daily1.png 1336w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-Daily1-300x135.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-Daily1-1024x462.png 1024w\" sizes=\"(max-width: 1336px) 100vw, 1336px\" \/><\/a>\n<p>Based on this breakout, the swing projection target from a short-term perspective works out to Rs.513. Those who are willing to be patient may find exit opportunities at higher levels. Kindly direct your attention to the weekly chart featured below.<\/p>\n<a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-weekly.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-3995\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-weekly.png\" alt=\"Cummins weekly\" width=\"1336\" height=\"600\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-weekly.png 1336w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-weekly-300x134.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Cummins-weekly-1024x459.png 1024w\" sizes=\"(max-width: 1336px) 100vw, 1336px\" \/><\/a>\n<p>But, let&#8217;s not stretch ourselves too far. We will take a call once the price crosses Rs.565. The positive view would warrant a review if the price falls below Rs.424. We would abandon the bullish view only if the stock falls below the recent swing low at Rs.415.<\/p>\n<p>(<em>The view featured here is based on Technical Analysis of historical stock price action. Please read the\u00a0<a href=\"https:\/\/www.fundsindia.com\/blog\/disclaimer\" target=\"_blank\" rel=\"noopener\"><strong>Disclaimer<\/strong><\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cummins India is one of the fundamentally sound companies with quality management. After being in a downward corrective mode, the stock has resumed its uptrend since August 22. As highlighted in the chart below, the stock has moved above the blue balance line, which is a major sign of strength. Based on this breakout, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[134,89],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cummins India: Another Stock To Include in Portfolio<\/title>\n<meta name=\"description\" content=\"After today&#039;s breakout, we believe that the Cummins India stock could continue its uptrend and head towards Rs.513. This blog post details the reasons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/cummins-india-another-stock-to-include-in-portfolio\/3990\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cummins India: Another Stock To Include in Portfolio\" \/>\n<meta property=\"og:description\" content=\"After today&#039;s breakout, we believe that the Cummins India stock could continue its uptrend and head towards Rs.513. 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