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Cumminsindia

Potential Channel Breakout: Cummins India Near 3950Details: Asset: Cummins India Limited (CUMMINSIND) Breakout Level: Above 3950 Potential Target: Significant upside potential beyond 3950 Stop Loss: Below 3950 or as per risk tolerance Timeframe: Medium-term Rationale: Cummins India has been consolidating for months and is now nearing the critical breakout level of 3950. A successful breakout from this channel could lead to a substantial upward move, making it a stock to watch closely for potential big gains. Market Analysis: Technical Setup: The stock has been consolidating in a channel and is approaching the breakout level of 3950. A breakout above this resistance could trigger strong bullish momentum. Consolidation Phase: The prolonged consolidation suggests that the stock is building strength, and a breakout could be a signal for an extended upward trend. Price Target: The breakout above 3950 could lead to a significant move higher, with further upside potential as the stock gathers momentum. Risk Management: A stop loss below 3950 is recommended to protect against downside risk in case of a failed breakout or market reversal. Timeframe: The expected breakout and potential move higher could unfold over the medium term, though the actual timing depends on market conditions and the strength of the breakout. Risk-Reward Ratio: A favorable risk-reward setup, with limited downside risk near the breakout level and significant upside potential if the breakout occurs. Keep a close eye on Cummins India for a possible breakout, and be prepared to act based on technical signals and market conditions.
NSE:CUMMINSINDLong
by CyborgTradingHub
Cummins India Chart Analysis !! 📈 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 need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:CUMMINSINDLong
by ShelendrAgrawal
Cummins India At resistance 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 PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on Bigger Time ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:CUMMINSINDShort
by linesandlevels
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