Cummins India testing its old support levelsCummins India down 3% despite Amundi Funds buying its shares. A potential candidate for short sell.
Its just my view. Trade at your own risk.
CUMMINSIND
CUMMINSIND ::: NEUTRALINSTRUMENT: CUMMINSIND
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
1HR, 2HR, 3HR, 4HR, DAY & WEEK
INDICATORS AND THEIR TRENDS:
PSAR: BEARISH
STOCHASTICS: BULLISH
SUGGESTED TREND: SIDEWAYS
END OF DAY PRICE ACTION SUGGESTS BEARISH TREND
CMP: 377.50
SELL BELOW: 372.88
SL: 373.92
TARGET 01: 370.30
TARGET 02: 369.14
My analysis is that CUMMINSIND is expected to stay in a sideways trend for some time. Very good jobbing opportunity in this counter. Expecting it to bounce around 368.35 to388.35. A trend can be established only after a breakout of either of the levels. On the monthly time frame, this counter is expected to be bullish only above 395.50.
RISK DISCLOSURE
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
CUMMINSINDIA: Intraday Swing Trade: Condition Applied
There is a supply zone @ 395-405 in CumminsIndia. Friday it was managed to sustain in this zone.
It will be the Intraday swing trade for me once it will sustain above 405 for the target of its next supply zone @ 437-443.
If it will respect my trade plan then it may be a short turm position trade(1-5 days) trade for me.
condition: IF IT WILL NOT SUSTAIN ABOVE 405 THEN I WILL AVOID THIS TRADE.
Again with CUMMINSIND, close eye of investors.
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 483 nearby are the best level for short term holding.
There's 2 targets for investor and swing traders.
First is easy which mentioned the chart.
2nd target is the gravitation target.
I will update shortly, small timeframe chart for this stock more clarity of entry and target point.
Do you remember the last trade on this stock ?
PROFIT made from this stock:
This was our ENTRY points:
Do you remember? 19% profit on CUMMINSINDI am just posting this because you can learn from work. How did I catch move?
Don't forget to give a LIKE on this post if you think its really nice.
Yeah, let me write one more line... I am not giving 1,2,3 steps targets... but directly saying /// always about move. ..
CUMMINSIND LONG VIEWPrice Ranging In a channel.
Price is on the verge of crossing daily resistance.
Increased Volume on last day.
Also its nearing results, which are expected to be good...
Positional trade can be taken...Levels given...
Long Above 601, SL 591,
Target 611/615/625
CUMMINSINDCMP CUMMINSINDCMP 595.15
TARGETS 617 , 635 , 643
STOPLOSS 579 DAY CLOSE BASE
APPROX DURATION 15 DAYS
Cummins displaying strength, may face resistance near...Cumminsind stayed strong and managed to register a close above an important pivot level. 600 will serve as another resistance in the coming week above which the stock can rally hard "bohot hard" Also noticing an inverse H&S in the stock. The swing of right shoulder can be kept as a stop loss. The RSI has started moving into the 60's and MACD is above the zero line. The momentum is painting a positive picture.
#CUMMINSIND breakout from downtrend#CUMMINSIND has given breakout from downtrend, key resistance levels to look for are 585 to 595.
Breakout would be strong if enough volume is seen, currently it's in sideways trading in range.
Breakout from box would give clear picture.
Cummins 545/- Buy looks amazing Investment NSE:CUMMINSIND Buying 545/- looks awesome investment for long term
