[Premium] Trade Of The Week

Just Dial hasn't been the most popular IT name to come up in a while, but going by the move last week, we think there's something here that can't be ignored. More specifically, a five-year base breakout! Look at how massive that breakout is, forcing the indicator to get back into the bullish regime.

Our bullish thesis holds true as long as the price remains above the risk management level of 878, with a target near 1,266.

Click on chart to enlarge view.

The next stock is Cummins India. This was our Trade of the Week idea a few weeks back and we think it's time to update the target. Cummins has been in a strong bullish trend and looks good for another big base breakout, and this time it's a three-year base.

With the target of 880 being achieved, the next target to track is 1,247 with 880 acting as the risk management level.

While IT might be getting back in the trading mix, we wanted to take this opportunity to update an existing trade idea that we shared in the past and indicate the levels to track in the future.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team