CUMMINS DOUBLE BOTTOM BREAKOUTCummins breaking double bottom pattern
with volume spike,bullish rsi
trading above 20ema
#target 3900-4150
sl 3400,depending on ur risk management
EDUCATIONAL IDEA
CUMMINSIND
CUMMINSIND#CUMMINSIND is ready to fly,,
there is higher probability we can see good in move from
here in Intraday only...
I am expecting 50-80 points rally in it..
Please follow strict stop loss
better trade in next week future and options contracts
Potential Channel Breakout: Cummins India Near 3950Details:
Asset: Cummins India Limited (CUMMINSIND)
Breakout Level: Above 3950
Potential Target: Significant upside potential beyond 3950
Stop Loss: Below 3950 or as per risk tolerance
Timeframe: Medium-term
Rationale: Cummins India has been consolidating for months and is now nearing the critical breakout level of 3950. A successful breakout from this channel could lead to a substantial upward move, making it a stock to watch closely for potential big gains.
Market Analysis:
Technical Setup: The stock has been consolidating in a channel and is approaching the breakout level of 3950. A breakout above this resistance could trigger strong bullish momentum.
Consolidation Phase: The prolonged consolidation suggests that the stock is building strength, and a breakout could be a signal for an extended upward trend.
Price Target:
The breakout above 3950 could lead to a significant move higher, with further upside potential as the stock gathers momentum.
Risk Management:
A stop loss below 3950 is recommended to protect against downside risk in case of a failed breakout or market reversal.
Timeframe:
The expected breakout and potential move higher could unfold over the medium term, though the actual timing depends on market conditions and the strength of the breakout.
Risk-Reward Ratio: A favorable risk-reward setup, with limited downside risk near the breakout level and significant upside potential if the breakout occurs.
Keep a close eye on Cummins India for a possible breakout, and be prepared to act based on technical signals and market conditions.
CUMMINS INDIA - TRIANGLE PATTERN The stock has formed Triangle pattern on the
hourly chart.
One can enter above 3737.30 with a strict
Stoploss of 3693.50
Target 1 - 3790
Target 2 - 3834
Target 3 - 3868
#INTRADAY TRADE
#CUMMINS
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
CUMMINS INDIA - Swing Trade Analysis - 7th August #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 7th August, 2024
Pattern: SYMMETRICAL TRIANGLE SETUP
- Strong Pullback candle from Support Trendline - Done ✓
- Weekly Volume buildup near Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- This is an early entry to give for a better RR
- Resistance Trendline Breakout - In Progress
* Disclaimer
Short Term Trading Opportunity in Cummins India for >15% UpsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
CUMMINS INDIA - SWING TRADE - 11th January #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 11th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #cumminsind
CUMMINSIND HOURLY CHARTBreak any side harizontel line take a trade. note* Entry after hourly candle close.
CUMMINSINDCUMMINSIND ready for a swift rise to the peak
Hypermomentum
Turns positional
D and M in momentum
Reaches Q1 RRg
CUMMINSIND - Bullish Swing ReversalNSE: CUMMINSIND is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Triangle pattern breakout in CUMMINSINDCUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1805+.
✅Can Go Long in this stock by placing a stop loss below 1725-.
CUMMINSIND, 1D formed Morning starNSE:CUMMINSIND Formed in 1962, the largest entity of Cummins in India, Cummins India Limited is the country's leading manufacturer of diesel and natural gas engines.
Cummins India formed morning star candlestick pattern and gave closing above it.
Entry : 1755.35
Target : 1821.40
SL : 1670
RR : 0.77
Cummins India - 5 Factors to look at going into resultsThe 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.
Cummins India : Trend Continuation Triangle NSE:CUMMINSIND
Cummins India yesterday gave a good breakout on 30 min chart
it should give a good follow-up move after retest ( mentioned on the chart)
watch the price action and volume when it's doing retest.
stop loss should be below the support trend line as it's the major trend.
Project an upside channel line for target measurement. or you can use the minimum target objective of the baseline of the triangle.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
CUMMINSINDCUMMINSIND:- If it sustains after giving a breakout, we may see an upside moment.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CUMMINSIND - Ichimoku Bullish Breakout Stock Name - Cummins India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1848
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
Cummins India Long target on MonthlyCummins India Long target on Monthly time frame, in case it breaks the trendline, do exit.
CUMMINSIND - Ichimoku Bullish Breakout Stock Name - Cummins India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1815
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
CUMMINS- Bearish Head & Shoulders TOP!Attached: Cummins Daily Live Market Chart as of 13th April 2023
Price has put in a Clean Head & Shoulder TOP Pattern and the Breakdown & Retest of this Pattern is also done
Currently Price is Moving Down to meet its 2 Targets
Downside Targets:
T1= Gap Fill Area @ 1475
T2= 1360
As long as Price holds below the 20 Day SMA (1615 presently), this Stock is a SELL......
#CUMMINS Analysis Stock is trading in higher high pattern maintaining it's supportive Trendline, multiple BO & retesting, again retested, follow chart for good RR.
NSE Cummins in a long term uptrend
On weekly basis showing strength and in a sustained upmove
Currently around 1700 or so. However there is a chance of reversal on the daily chart back to 1650. Keep this on your watchlist and buy in dips back to 1650
One good strategy could be taking a small position - 20% of your full size now and then catch more on the downside
Strong resistance at 1580-1600 and this can be used as the buy zone. Ideally buy stock for a 3-6 month period (8-12 weeks)
