Cummins India stands on the cusp of a multi-year breakout on a monthly chart.
The price is near its lifetime high of 1247 achieved in August 2015.
We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.
As always, do place a stop loss before initiating a trade.
Note: Personal analysis, not a buy/sell...
Breaking out of the zone above 1064, the 5 year price high of 1094.95 last achieved on 2 May 2017, broken.
7 year price high of 1247.65 last achieved on 3 Aug 2015 can act as immediate target and resistance.
Probable target: 1373
Keep a stop loss of 5-8%.
Note: Not a buy and sell recommendation, do your own study and consult your financial advisor
Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1355.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1339. RR is very good for this trade.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
CUMMINSIND - Short
Analysis done on 2 hours time frame.
A bullish (M) Gartley pattern can be formed.
Book 2/3 profit at PRZ and wait for reversal candle or breakdown.
As per the 2 Hour Chart of CUMMINSIND, we have witnessed a formation of a bullish engulfing on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 1001.85, 1017.85, and 1029.15. Whereas, on the other...
📈 Cummins India 📉
Today broke out from year 2021 high, 2017 high and approaching to all time high.
On Buy Side I am looking for Targets of 1190-100 zone.
StopLoss should be kept in 1005-1015 zone.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you...
NSE:CUMMINSIND
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
NSE:CUMMINSIND
CUMMINS has been bullish since the past few months and seems to be on path to move past its all time high levels. The stock can be a good buy at current levels to ride the upmove with SL at 900-910 levels.
Cummins India Ltd - 25.02.2022
The stock is trading @ 959 levels
There is a RESISTANCE @ 980 levels
The prices are above EMA
There is a HAMMER in Daily Chart
RSI is 55 in Weekly Chart
watch out for the price action
Cummins looking good Buy above 935 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Cumminsind has given a breakout and also seems to have retested it today.
Buy above 1006
Targets mentioned in the chart above.
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Any comments and critiques will...
As per the 2 Hour Chart of CUMMINSIND , we have witnessed a Formation of a “Bullish Harami” on the downside.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 936.40, 948.70, and 962.85. Whereas, on the other hand, on the...
![CUMMINSIND: [SHORT-TERM] BUY CUMMINS INDIA ABOVE 940](https://s3.tradingview.com/o/ohgOQaBF_mid.png "[SHORT-TERM] BUY CUMMINS INDIA ABOVE 940")