Cummins India - 5 Factors to look at going into results

kunal_finner Updated   
The picture is self explanatory

Recommend - Buy ITM Calls, Stock or sell put credit spreads (depending on your risk appetite)

Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
Market is weak going into the end of this month. Will be holding off on new longs
Still basing - wait for results. There is no pre result positioning here it seems
Still a good setup. Wait for the right time (right after results)
Still basing - very light candles indicating that the traders are getting ready for results. Monitor it closely for now - maybe take a small position to get things going and jump onboard if results are good
Still basing - this has been a very long base out before results in deed.
Order cancelled:
Never took the trade as the stock collapsed after earnings

Best advice ever - Cut your position size by half.

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