Cummins INDIA stock on support wait for conformation to long. One can trade it for swing trade.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
CUMMINS swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
I am posting it, on request from one of the follower.
1)On Weekly Time frame: We can see that now 1000 level is very very critical level.
And on the upper side it has a resistance Zone: 1045 to 1065.
And in coming days if it takes support from it and breakout 1045-1065 reistance range then it will start upmove again.
The stock has given the breakout and looking a good buy if sustains above 950 tomorrow for the marked targets.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
1. long zone price movement
2 .right time short trade available only
rising wedge pattern support line break and healthy confirmation retracement also done
3.bearish engulfing candle formed go to down support line
4. suppose break the primary trend support line 100% u can heavy fall
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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On 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...
1 . Cummins india looking good above 813, buy for the targets of 821 and 828 with stoploss-808
2. Weak below 804, have a sell position below 804, for the targets of 798 and 791, with sl -809
3. trade will remain void if opens big gap down or big gap up.
Cummins India seems to be in accumulation. The price formed a hammer on 200 moving averages and took liquidity from the previous support zone. The volume expansion was massive but the market structure is still Bearish. It's too early to say about the follow-up but it would be a good ambush entry if someone is willing to take the risk.
Targets: 805, 865,...
If this resistance zone breaks for below don't sell directly ..... but can buy here for a low-risk high-reward trade .....
Hold for the BO of ascending triangle BO then take upper tgts too .... positional setup will be activated :)
If closed a pinbar on Day charts from here till mkt closing initiate a buy with only 1.5% risk which is opening price of today's ..... tgts will be 5% first tgt if above trendline broken = 10% can be achieved :)