Cummins India - Bullish Hammer at resistance turned to supportNote: This is for educational purpose only.
There seems to be a bullish hammer at resistance turned support. Buy above the high of the hammer.
CUMMINSIND trade ideas
Cummins : Intraday - 29 Oct 2020Once again, similar setup in Cummins
Support at lower trend line (or channel)
+RSI divergence
Buy around 442/443
SL 438
Targets 449, 454
Head & Shoulders Pattern on Daily ChartAlthough the pattern is yet to form, can be on radar. Respecting the trend line.
CumminsIND share for short .Sell below 456 TGT 430 SL 468. Ater BD of TL & 20 EMA level expected share to be touched the support level. Also seen negative divergence. This is for your educational purpose only.
CUMMINSIND KEEP IN YOUR WATCHLISTAfter long down trend now price making higher high and higher low formation on weekly chart and looks like price get breakout soon from it's resistance zone. Trade plan given in chart so check it out.
Price is at Resistance level in CUMMINSINDPrice is at Resistance level in CUMMINSIND. Wait for breakout for long and reversal for short .
chart showing short in CUMMINSINDIt's just my view only and this is educational purpose.
If u think I'm wrong so plz comment and guide me how can i improve my analysis
Thank you
Verge of wedge pattern breakoutCummins will give breakout once it crosses 466 level. It will be breakout from wedge pattern formed in last 7 months from march low. It will be big breakout if it sustains above the 466 level. One can look for Intraday target of 476 and next weekly target of 494 level and if it sustains above 494 then next possible target is 516. I am hoping all the targets will be achieved within this October expiry given that it sustains above 466 level on closing basis on Monday. Stoploss can be maintained below 436 level on closing basis. This is just for educational purpose. Have a great trade.
Suggestions are welcomed.
Will cummins break it's 2 year old trendline?I had posted this earlier as well but it faces resistance at 496 levels. Will it break this time?
Given trendline BO, making a rounding bottomThe stock looks good above the level of 446 - next resistance 452.9
Swing and Intraday SetupIt can see sharp upside from 429 as this is very critical long term weekly support line and a bounce can happen.
Swing Setup and Intraday Setup: Enter @ CMP for target of 440/450/460 with strict SL of 424. Or enter at a bounce back and above 438 for the target of 450/460 with SL of 435.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
