CUMMINSIND
Cummins IndiaRetested earlier breakout
On trendline breakout, initiate long above 867
RSI at levels of 54
Hold for targets of 907, 934, 986
Cummins India 3 Year 9 Months "TREND LINE" Broken On MONTHLY TF3 Year 9 Months Trend Line Broken
On Daily, Weekly & Monthly
CMP - 666, BUY AT CMP & ON DIPS
SL - 550 (MONTHLY CLOSING BASIS)
TARGET - 880/1000+++
#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
Cummins channel BO RSI down trend BONSE:CUMMINSIND
might see reversal from 930-950 level
can add small qty now and add more near 880-890
SL 815
above 940
T 980, 1010, 1050 & 1110
Cummins IndiaCummins India - Cmp 862
Breakout candidate. Looks good for long if sustains above 858 with 810 sl on clbs for targets of 904/934.
Inverse head and shoulder pattern#inverseheadandshoulderpattern
Inverse head and shoulder pattern on daily chart Time frame
Happy Learning
FY21-22 Swing Trade Idea #103: Long on CUMMINSINDThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
buyBuy above 876 stop loss 810 on daily closing basis for target of 1010 and 1044.
Disc : It's not an investment advise to buy or sell
Cummins India Trend line Breakout Positional Trade(3-4 weeks):
Buy: Cummins India
CMP: 856
Target: 915
Stop Loss: 830
Cummins IndiaRetested trendline breakout, initiate long
Good volumes seen
RSI at levels of 61
Hold for target - 1093
Support at 735
Descending Parallel ChannelNSE:CUMMINSIND
Notes :
Descending Parallel channel started around 17th March
To be on the safe side, I would confirm breakout only if the most recent swing high is crossed (at 858). However, for intraday, the immediate target after breaking the channel can be kept at the same level.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
CUMMINSIND | On the verge of CUMMING 💡 💡
Looks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Short Opportunity in CumminsIndOn 4hr tf a falling wedge pattern broken and in 1hr tf the rising channel pattern seems to be broken on the downside which could possibly mean that the stock is ready for a retest at the 4hr tf falling wedge pattern's upper trendline and then continue it's uptrend. Below 830, the levels of 820 and 816 can be seen. If a big momentum candle closes below the trendline then a downward till 800 is possible.
Stock Analysis of Cummins Ltd.Price - 833.10 Dt. - 11.06.2021
Yesterday, the stock broke the trendline with near-average volume and today it took support at the trendline and moved back. The stock closed in red but it gave closing above the trendline which shows stock can still move upward.
Stock is above the 21DEMA and 50DEMA, in fact, 21DEMA is ready to cross the 50DEMA from below. RSI is in the neutral zone.
The resistance line is placed at 929.35.
APOLLO TYRES 🎡🎡APOLLO TYRES
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
intraday idea for tomorrow #equity intraday idea for cumminsindia . sell below the mentioned price only if it closes below it. stoploss can be placed below trendline. if you like the analysis like,share.
deep consolidation in Flag Cumminsclear-cut Flag formation in Daily TF
breaking channel pattern would be ideal entry.
if we get it around 780-790 will be good entry with min. risk i.e. (swing lower)
#the_pravin #simplepriceaction #swingtrading #notoidicator
