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Cumminsindanalysis

Expecting a Bullish Momentum in CUMMINSIND 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 downside levels, the stock may face a support at the level of 910.45, on closing basis. Closing Price (as on 21.01.22) : 924.50 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CUMMINSINDLong
by alokdaiya
Simple Trade Setup |CUMMINS INDIA | 20-09-2021 [INTRADAY] NSE:CUMMINSIND I am posting it, on request from one of the follower. Observations: 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. If it breaks down 1000 level then next support is as 975/980 and then 960. 960 is again a critical level which was acting as resistance in past many time. It has chance to reverse it from 960 level. Please refer below chart : Weekly time frame. 2) On Daily Time Frame: It has broken 21DMA. Also it has came back in to the parallel channel. It might get support from middle trendline of parallel channel. If not then it will go to the bottom trendline of parallel channel. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL.
NSE:CUMMINSIND
by Trading_hawk
CUMMINSIND | On the verge of CUMMING ‎💡 ‎💡 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 Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:CUMMINSINDLong
by thestockengineer
Cummins India - Hammer with massive volume in Accumulation phaseCummins 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, 922. You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:CUMMINSINDLong
by johntradingwick
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