Cummind India | Weekly LevelsStock currently hovering near Weekly Strong support levels, which extends downside upto 2625
As we can see stock is not making new highs but also not making new lows as well
There is also a daily strong area merged in the same zone, which can be considered as a good buying zone, with a downside Sl of 2600 (Closing basis)
If it manages to hold the mentioned area, then we can see a good upside upto 3250 / 3300 areas
Risk to reward ratio looks good
Lower time frame confirmation is a must
Broader market is bearish as well as chopp, so be cautious
Cumminsing
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.
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