CUMMINSIND
CUMMINSIND has given breakout I will go long on CUMMINSIND because :
It is forming a triangular pattern.
The price was moving inside the triangle.
Price has finally given a small breakout and we can look at going long.
Wait for confirmation and then buy
Entry - 666
Target - 792/860/960
Stop loss - 603
Cummins India 12/01/21 Wednesday The price is moving in a Down Trend ,between a Descending Channel perfectly. There may be a breakdown . THERES HIGH PROBABILITY TO ACHIEVE TARGET 1. If the selling pressure remains persistent ,Target 2 can also be achieved. PLEASE BEFORE INITIATING A TRADE CHECK THE TREND BY WHICHEVER SIGNAL YOU RELY ON. TRADE WISELY AND SMARTLY .
Cumminsind | Trendline & Ascending Triangle BO at same time 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =593.85 or CMP
--Target = 745.45 | 871.45
--Stop-loss = 530.10
--Lot Size =1200
--R:R = 4.35
--Expected Profit = 3,32,000 ₹ per lot (46 % )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Longterm trendline break with good volume
2) Ascending triangle break with trendline
3) Retracement is probaly done
4) Targets is based on the resistance areas
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CUMMINS INDIA - Ascending channel pattern at 2 hours TF - LongCUMMINS INDIA - Ascending channel pattern formation at 2 hours TF - Long
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Flag Pattern Breakout in CUMMINSIND for Target of 723+CUMMINSIND showing Bullish flag pattern breakout. If it trading above 610 then we will see the quick next target of 652. According to the chart pattern, the projected target will be 723+
Possible Trade:
Buy CUMMINSIND Above 610
Stop-loss 585
Target 652 723+