CUMMINS DOUBLE BOTTOM BREAKOUTCummins breaking double bottom pattern
with volume spike,bullish rsi
trading above 20ema
#target 3900-4150
sl 3400,depending on ur risk management
EDUCATIONAL IDEA
CUMMINSIND trade ideas
Consolidation Breakout Potential with Strong EarningsAnalysis:
Cummins India has been in a consolidation phase over the past three months, building a solid base. Today, the company reported its quarterly results, showing a significant profit increase of approximately 36%, which indicates strong fundamentals and could trigger an upside breakout. This setup makes the stock appealing for a short swing trade to capture any breakout momentum fueled by positive earnings.
Technical Setup:
Pattern: Three-month consolidation base
Catalyst: Strong quarterly earnings with a 36% profit increase
Expected Move: Potential breakout from consolidation on positive sentiment
Trade Plan:
Entry: On breakout above consolidation resistance, preferably with volume
Target: Short-term swing based on previous resistance or measured move
Stop Loss: Below the consolidation support level
Note: Positive earnings could provide the push needed for a breakout, offering a short swing opportunity to capitalize on potential bullish momentum.
🔒 Disclaimer: This post is for educational purposes only. We hold no liability for any profit or loss incurred from trading or investing based on this information. Always conduct your own research or consult a financial advisor.
CUMMINSIND#CUMMINSIND is ready to fly,,
there is higher probability we can see good in move from
here in Intraday only...
I am expecting 50-80 points rally in it..
Please follow strict stop loss
better trade in next week future and options contracts
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.
CUMMINS - Weak?Going by the structure of the Cummins, I believe the price action is getting weaker.
If the price doesn't sustain the lower border of the triangle, expect the downward momentum to gain strength.
Cummins - short for 15 %on weekly charts ,
price facing rejection rejction at 3900 level for past 6 months
H&S pattern formation
price breached 18 week EMA and this week 18 week EMA is a confirmed resistance
MACD s are negative
Target and SL marked
Cummins India Swing Idea (Long)Cummins India is looking for breakout due to following reason :
1) Swing Low are shifting upper side
2) Double Bottom pattern / W pattern
3) Ascending Triangle pattern formation
4)Trading above 20,50 & 200 EMA on daily chart
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
CUMMINSIND Support & Resistance #CUMMINSIND
TIME FRAME :-- DAY
Looking Good above.3900
Keep SL _______ 3800
Target _._ 4100
Support & Resistance Levels
CUMMINSIND NSEHello,
I would like to share some trading information regarding Cummins India. It appears to be forming a bullish pennant pattern on the weekly timeframe. While an early entry at current levels may carry some risk, traders may consider allocating 25-50% of their desired position size and gradually adding to it based on their risk tolerance.
Thank you.
Cummins stock is ready for breakout?Cummins stock is trading near the high resistance zone area. There is a very high probability that the stock would break the resistance zone. Buy 50% qty @ 3870 and add more qty around 3880 after the clear breakout. This shows a strength in the stock. Also, the long-term trend is positive. Target near 4175-4200 with SL 3725. This is for your educational purpose only.
CUMMINS INDIA - TRIANGLE PATTERN The stock has formed Triangle pattern on the
hourly chart.
One can enter above 3737.30 with a strict
Stoploss of 3693.50
Target 1 - 3790
Target 2 - 3834
Target 3 - 3868
#INTRADAY TRADE
#CUMMINS
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Great convergence area to take fresh positionsStock took support at the convergence area created by AVWAP, Moving Average and the price. Looks great buy at this moment.
Disclaimer: I'm invested for very long term. I do not recommend this stock.
CUMMINS INDIA - Swing Trade Analysis - 7th August #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 7th August, 2024
Pattern: SYMMETRICAL TRIANGLE SETUP
- Strong Pullback candle from Support Trendline - Done ✓
- Weekly Volume buildup near Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- This is an early entry to give for a better RR
- Resistance Trendline Breakout - In Progress
* Disclaimer
Cummins IND (Educational idea)Cummins tested its year trend line which is 3470 levels...
breaking the line may bleed more
Support levels as follows
S1 = 3290
S2 = 3090
S3 = 2790
Upside movemnt only valid if its breaks and suatain above 3750 levels
Short Term Trading Opportunity in Cummins India for > 15% upsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Buy Cummins India Short Term Trading Advice by Goodluck Capital
Buy Cummins India
Buy Range- 3930 - 4000
Target- 4250 - 4300
StopLoss- below 3720
Potential Return- 7-8%
Approx trade duration 12 - 14 days
Cummins 1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
Short Term Trading Opportunity in Cummins India for >15% UpsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Cummins india ready for fall i am going to sell on rise Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
