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...
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.
Cummins broke from its range and is likely to do well. Trail Stop Loss accordingly in this one. Cummins India is a dominant player in generators and power generation. It is also working closely with the Indian Railways for the electrification of engines and is also building data centers for other companies.
Cummins India already break a major resistance and trading above is is showing good volumes on weekly and monthly charts and positive on Bollinger bands too, will be trade if break and close next resistance on monthly basis so adding in watchlist
📈 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...
📌 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...
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
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...
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.
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.