Cumminsind has given a close at 329.7 after a strong supply zone at 343.5.The trendline support lies at 320/21 with resistance zone still entact at 343.5.A move above this will open the gates till 375 and 406.a close below 320 may lead testing of earlier lows of 280.
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
1HR, 2HR, 3HR, 4HR, DAY & WEEK
INDICATORS AND THEIR TRENDS:
SUGGESTED TREND: SIDEWAYS
END OF DAY PRICE ACTION SUGGESTS BEARISH TREND
SELL BELOW: 372.88
TARGET 01: 370.30
TARGET 02: 369.14
My analysis is that CUMMINSIND is...
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...
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...
Price 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,
I am just posting this because you can learn from work. How did I catch move?
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Yeah, let me write one more line... I am not giving 1,2,3 steps targets... but directly saying /// always about move. .....
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...