Flag and Double bottom breakout3 corrective waves done,takes support at .5% retracement,
lonterm target 1500-1600
current sl 824
we will update our stoplosses
CUMMINSIND trade ideas
CUMMINSIND : Sell/Short @ 910-911 Target 880-860-840 SL 918Dear Readers,
If you see the long term chart of CUMMINSIND, you would find that the stock has been witnessing a sideways movement making higher lows and lower highs.
The internal built of the first leg from the low of 746.15 to the high of 947 and third leg from the low of 747.55 to 921 looks like impulsive movements, please refer to the chart for the reference. Let us name those impulsive movements wave 'a' and 'c' for time being
Now, if you see the chart, whereby a resistance line has been drawn conjoining the two tops of these two impulsive movements, 947 and 921, end point of 'a' and 'c', the stock has reached/ touched the resistance line and may find a strong resistance over this point.
This is a suitable point where traders can sell or go short on this stock at current price of 910 for an immediate targets of 880, 860 and 840 with the stop loss of 918 on upper side.
Cummins - Moving up!Cumminsindia has broken the downward channel and has enterd in to the upwards moving channel which implies the script is bullish. Buy above 900 with the stoploss of 895. Targets are 915, 920 and 930. Use trail stop to protect your profit.
CUMMINS INDIA POISED FOR A RISECummins India has fully bottomed out.
It is above Moving Averages and all its MAs are converging.
It is a bullish sign and signals a good upcoming rise in the scrip.
Fundamentally, it is a debt free sound company with good acceptable engineering and generator products.
At 883 it is a steal to enter and within a year expect to achieve 1100 + or so.
CUMMINSStock looks good at cmp as fill gap now stock will zone till 915-925 in near term on next 3-4 days.
Cash rich Cummins India is rising!!!Cummins India is moving upwards irrespective of the market sentiments. Buy above 800 when it retests the trend line. Stoploss is 795. Targets are 840, 860 and 880. Happy Trading!!!! in.tradingview.com
short the stock as we can the bearish engulfing pattern there and and price below 8 ema and stochastic hitting overbought area i prefer to short the stock
Educational purposeSWING TRADE :- Trend below EMA 89 its define that the trend in downtrend & in dwntrd gud retrcmnt happen and also their is rising wage in a falling market which is a bearish sign, the set up is ready to trend go down ....
buy cummins india sl 766 tgt open cmp 800 whatsapp me on 7276280buy cummins india sl 766 tgt open cmp 800
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Cummins India Ltd Rs:790 is trading near a double bottom suport.Cummins India Ltd Rs: 794 The cash rich Industrial Machinery giant is
having a double bottom support. Stop Loss 751 Next Resistance is 920 & 1130
buy cummins india sl 766 tgt open cmp 800buy cummins india sl 766 tgt open cmp 800
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CUMMINSIND formed a Bullish Bat Harmonic PatternCUMMINSIND formed a Bullish Bat Harmonic Pattern.One can enter a long at 840-850 range with a SL of 810.
Target Price 1 - 903
Target Price 2 - 960
