CUMMINSIND
Expecting a Bullish Move in CUMMINSIND 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 hand, on the downside levels, the stock may face a support at the level of 976.90, on closing basis.
Closing Price (as on 17.05.22) : 991.80
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Cummins India Chart Analysis !! 📈 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 need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Cummins India At resistance NSE:CUMMINSIND
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Cumminsind buy above 1006Cumminsind has given a breakout and also seems to have retested it today.
Buy above 1006
Targets mentioned in the chart above.
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Expecting a Bullish Momentum in CUMMINSIND As per the 2 Hour Chart of CUMMINSIND , we have witnessed a Formation of a “Bullish Harami” on the downside.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 936.40, 948.70, and 962.85. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 910.45, on closing basis.
Closing Price (as on 21.01.22) : 924.50
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
downside in cummins indiaAs per the chart it seems to be at the sub-wave e of abcde trainge for wave ( iv) .
wave e should end below the trendline connecting wave a ==> wave c .
invalidation :- if the price breaks the trendline between wave a and wave c then the view becomes invalid
accumulate at the end of wave (v) . near levels 830 840 850 rs
📊 #CumminsIndia on Support🎯NSE:CUMMINSIND
Cummins INDIA stock on support wait for conformation to long. One can trade it for swing trade.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Cummins India - 15 Min Chart AnalysisCUMMINS swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
CUMMINSIND small Short Bearish Trend Alert 1. long zone price movement
2 .right time short trade available only
rising wedge pattern support line break and healthy confirmation retracement also done
3.bearish engulfing candle formed go to down support line
4. suppose break the primary trend support line 100% u can heavy fall
Simple Trade Setup |CUMMINS INDIA | 20-09-2021 [INTRADAY] NSE:CUMMINSIND
I am posting it, on request from one of the follower.
Observations:
1)On Weekly Time frame: We can see that now 1000 level is very very critical level.
And on the upper side it has a resistance Zone: 1045 to 1065.
And in coming days if it takes support from it and breakout 1045-1065 reistance range then it will start upmove again.
If it breaks down 1000 level then next support is as 975/980 and then 960.
960 is again a critical level which was acting as resistance in past many time. It has chance to reverse it from 960 level.
Please refer below chart : Weekly time frame.
2) On Daily Time Frame: It has broken 21DMA. Also it has came back in to the parallel channel. It might get support from middle trendline of parallel channel.
If not then it will go to the bottom trendline of parallel channel.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.