CUMMINSIND
CUMMINSIND KEEP IN YOUR WATCHLISTAfter long down trend now price making higher high and higher low formation on weekly chart and looks like price get breakout soon from it's resistance zone. Trade plan given in chart so check it out.
Swing and Intraday SetupIt can see sharp upside from 429 as this is very critical long term weekly support line and a bounce can happen.
Swing Setup and Intraday Setup: Enter @ CMP for target of 440/450/460 with strict SL of 424. Or enter at a bounce back and above 438 for the target of 450/460 with SL of 435.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
CUMMINSIND AT SUPPORT LEVELThis stock got support at lower level and am expecting bounce from here so plan your trade with help of this chart.
CUMMINSIND is Making Symmetrical Triangle Pattern (Breakout)Cummins India Limited : ( NSE:CUMMINSIND ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
CUMMINSIND : Trade SetupNSE:CUMMINSIND
Hi Traders,
CUMMINSIND trade setup on chart and Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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CUMMINSIND is Making Symmetrical Triangle Pattern (Breakout)Cummins India Limited ( NSE:CUMMINSIND ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
CUMMINS INDIA SWING BUYcummins india is trading above its rising trendline. It can be bought for swing wsl 430
Cummins Ind Chart Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 5-6 Times
Cummins Ind Ltd. - Breakout from Pennant After trading for 4 months in the range, it is approaching the upper end of the pennant , may be a good risk reward
CUMMINSIND SHORTThis pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
CumminsIND share for long one.Cumminsind share is now sucessfully trading the above the support zone & confirmed the probability to move till the marked resist. level. RSI is divergence is also bullish . So above 395 level we can take the long entry in the stock for the target price of 430. SL can keep 380 & 375 as per your Reward to risk ratio.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Cumminsind trade setup for Monday 20 July 2020Bullish Doji candle on the trend line, Chances are high on up side. Buy above the previous candle.
CUMMINSINDCUMMINSIND Break and sustain above so if break 418 level then you can trade for Target of 427 and take stop according to Intraday Swing Low.
