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Alpha India ME – Bharat Forge and Cummins

Orpheus Capitals, March 2011, Pages: 4


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Bharat Forge and Cummins

Bharat Forge and Cummins are the top performers of the Mid Economic sector with rankings above 90%. Both minor structures look like ongoing impulses with a pending final fifth wave down. The subminor structure of Bharat Forge looks impulsive. Prices are in the corrective fourth wave up which should complete near key resistances at 325 levels. The subminor structure of Cummins looks like a completing second corrective wave up which should not push higher than previous subminor highs at 675.

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