CUMMINSIND:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Manufatures of diesel & natural gas engines. Almost debt free company with consistent returns from stock value over years. Stock is near 52 week high . Stock is trading through an upward parallel channel. Stock now bounced over from resistance trend line . Trend shows a short term movement of 10-15% .
KEEP IN RADAR : FOR GOOD ENTRY
* Today, CUMMINSIND stock closed 7% up
Greater volume than the 50-day average.
A leading stock that moves up in heavy volume.
A signal that big institutions are accumulating the stock.
Breaking out of the zone above 1064, the 5 year price high of 1094.95 last achieved on 2 May 2017, broken.
7 year price high of 1247.65 last achieved on 3 Aug 2015 can act as immediate target and resistance.
Probable target: 1373
Keep a stop loss of 5-8%.
Note: Not a buy and sell recommendation, do your own study and consult your financial advisor
Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1355.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1339. RR is very good for this trade.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
Cummins India is one chart that one should look to accumulate after the recent breakout. I have marked a stop loss in this chart for traders. Looks very good for the medium term.
NSE:CUMMINSIND
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
CMP: 1022
- Took support at 200ema multiple times
- Positive MACD crossover
- Going ahead, 1055-1060 will act as a resistance
- Above that double bottom breakout
- 1080: 61% - next Fibo level to watch
CUMMINSIND - Short
Analysis done on 2 hours time frame.
A bullish (M) Gartley pattern can be formed.
Book 2/3 profit at PRZ and wait for reversal candle or breakdown.
As per the 2 Hour Chart of CUMMINSIND, we have witnessed a formation of a bullish engulfing on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 1001.85, 1017.85, and 1029.15. Whereas, on the other...
📈 Cummins India 📉
Today broke out from year 2021 high, 2017 high and approaching to all time high.
On Buy Side I am looking for Targets of 1190-100 zone.
StopLoss should be kept in 1005-1015 zone.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you...
