CUMMINSIND
CUMMINSIND POSITIONAL TRADE SETUPCummins India is making ascending traingle.
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So if the stock give breakout above triangle target will 940-960.
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If it goes below trendline then we can see the sharp selling. But I think volume is high,
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There is less chances to go bearish.
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What's your view on this comment below in the box.
CUMMINSIND heading for big BOAfter last upmove #CUMMINSIND consolidating almost 5+ month.
It tried multiple times to sustain above 900 but failed each time. Finally now it sustaining above 900 plus it give highest weekly closing after March 21.
Long entry can be initiated at this level with SL of 820. For safe player wait for daily candle close above 925.
Target - 1200+ All time high.
Cumminsind Bullish View- Classic CaseIts Daily chart of cummins india.
As can be seen a bigger falling channel breakout is followed by a formation of another falling channel.
Second falling channel breakout done.
Price has just closed above previous resistance of 908-910, with increased volume and strong candle spread.
This resistance area has been tested 5 times before. Price has managed to close above it this time.
Its on verge of making ATH.
Long above 910-914 can give 930/947/960/974
Easy 10-15% Target is waiting for you.Cummins India
I think we have discussed same chart earlier too
But now finally start after too much consolidation
On longer Time frame(Weekly, Monthly) you will see some kind of Trendline Breakout and Retested And in shorter Time frame Inverse Head and Shoulder Pattern
Whatever it is you just buy above 915
With Sl 820
Tgt 950 1000 1050++
Cummins Ind: Prepping to break 933After an exponential rise the stock is back on its trend line taking a strong bounce on the trend line and 747 support as well. Good consolidation since it hit high on 1st April. Likely upside of 933 coming soon. Can be bought in parts at CMP and then again when it take support from trend line. Price has multiple supports at 20 and 50 EMA followed by trend line and the bottom of zone of consolidation. SL below 797.
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#CUMMINSIND looks to be eligible counter for breakout above 900#CUMMINSIND looks to be a eligible counter for breakout above 900
It has been staying the box for 800-900 Box since last 3 months and for the last few days it is staying in the top of the range attempting a breakout
The volume support has been increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions