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CUMMINSIND

Cummins India – Wave 4 Expanded Flat Before New ATHFrom the 2580 low , Cummins India has likely started a new impulse sequence . Wave 1 unfolded as a Leading Diagonal , confirmed by messy overlaps and volume spikes. A sharp Wave 2 retracement was followed by a powerful Wave 3 rally to 3900. RSI has held a rising trendline throughout, supporting momentum. Now, price action suggests a Wave 4 Expanded Flat : Wave A dipped from 3900. Wave B exceeded the high. Wave C is projected to retrace into the 3737–3637 Fib zone , offering an entry setup. Trade Plan: Entry levels: 3737–3637 Stop loss (SL): Below 3419 Target (Tgt): New ATH at 4171+ RSI remains constructive — momentum intact unless the trendline breaks. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSINDLong
by WaveXplorer
Accumulation has started in Nifty On Friday, NSE:NIFTY closed with selling pressure and formed a supply candle. But here’s the interesting part – in that candle, buyers actually beat sellers by 26 million in volume. This means accumulation has already started. The problem is, the pivot has dropped further to 24428. If Nifty opens above this pivot, we might see a bounce, but I doubt it will sustain. If it opens below, it’s a good chance to short with a target of 24200. There’s also a chance we might directly see a gap-down opening near 24200. If it gaps up, don’t chase it. Pivot percentile is 0.27, so tomorrow could be volatile. A sustainable move will only come if Nifty holds above 24500, but chances are low right now. Support is at 24200 and then 24000. NSE:BANKNIFTY support is at 53590. In sectors, better to avoid pharma for now. On Friday, I traded NSE:CUMMINSIND – it gave 5% and we’re still holding. That’s it for now. Have a profitable tomorrow and a good week ahead.
NSE:NIFTY
by Trendxinc
1
Cummins India Break out stock for 28% Gain Breakout above 200 SMA with Rising volume and positive MACD Divergence Here's my analysis of Cummins India's financials: **Net Profit:** - Net profit for FY 2023-24: ₹2,533 crores ¹ - Net profit for FY 2022-23: ₹2,345 crores ¹ - Net profit for FY 2021-22: ₹1,944 crores ¹ - Net profit for FY 2020-21: ₹1,566 crores ¹ **Yearly Results:** - Revenue growth: 15% CAGR over the last 5 years ¹ - Profit growth: 20% CAGR over the last 5 years ¹ - Operating margin: 15.6% in FY 2023-24 vs 14.5% in FY 2022-23 ¹ - Return on Equity (ROE): 23.1% in FY 2023-24 vs 21.5% in FY 2022-23 ¹ Overall, Cummins India has shown consistent revenue and profit growth over the years. Note : May have open positions in this entity at various price levels.
NSE:CUMMINSINDLong
by Billionaire_Anant
2
Cummins India : Ready to Blast#cumminsind #consolidation #breakout #rangebreakout Cumminsind : Swing / Momentum Trade >> Consolidation Breakout >> Stage 1 Breakout >> Low Risk High Reward Trade >> Good Upside Potential Swing Traders can lock profit at 10% and keep Trailing Please Boost, comment and follow us for more Learnings. Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
NSE:CUMMINSINDLong
by moneyfesttrading
Cummind India | Weekly LevelsStock currently hovering near Weekly Strong support levels, which extends downside upto 2625 As we can see stock is not making new highs but also not making new lows as well There is also a daily strong area merged in the same zone, which can be considered as a good buying zone, with a downside Sl of 2600 (Closing basis) If it manages to hold the mentioned area, then we can see a good upside upto 3250 / 3300 areas Risk to reward ratio looks good Lower time frame confirmation is a must Broader market is bearish as well as chopp, so be cautious
NSE:CUMMINSINDLong
by Vishy5
1
Cummins India Ltd: Eyeing a Major BreakoutCummins India Ltd (NSE: CUMMINS) is signaling strong bullish momentum on the weekly chart with a falling wedge and bullish flag combination . Key Insights: Patterns: Falling wedge + bullish flag – strong continuation signals. Current Price: ₹3,671.00 (+1.98%). Breakout Zone: ₹3,750 (watch for a sustained move). Targets: ₹3,929 → ₹4,169 → ₹4,500 → ₹5,600+ (bullish flag projection). Support Levels: ₹3,422 and ₹3,251. A breakout above ₹3,750 with volume confirmation could push prices toward ₹5,600+, aligning with the bullish flag target.
NSE:CUMMINSINDLong
by ayusharya_001
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.
NSE:CUMMINSINDLong
by CyborgTradingHub
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
NSE:CUMMINSINDLong
by TradeRyteStockz
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.
NSE:CUMMINSINDLong
by raigvivek
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
NSE:CUMMINSINDLong
by BrahmaBull31