Dont miss the opportunity in Cummins India long term investment Bullish bat took 8 yrs to complete...with same time taken.....look at the volume at the bottom..... could be great investment opportunity for long-term
Accumulate 520-570
Target 1000
Possible target date 4th june 2024
Thanks
Jigar Pateel
8898030401
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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