Morning star !!Stock has formed morning star pattern on daily chart, after some consolidation. Longs can be considered with SL 1012 on daily CB for target of 1065 and above with 1:4 RR.
CUMMINSIND trade ideas
CUMMINSIND small Short Bearish Trend Alert 1. long zone price movement
2 .right time short trade available only
rising wedge pattern support line break and healthy confirmation retracement also done
3.bearish engulfing candle formed go to down support line
4. suppose break the primary trend support line 100% u can heavy fall
Simple Trade Setup |CUMMINS INDIA | 20-09-2021 [INTRADAY] NSE:CUMMINSIND
I am posting it, on request from one of the follower.
Observations:
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.
If it breaks down 1000 level then next support is as 975/980 and then 960.
960 is again a critical level which was acting as resistance in past many time. It has chance to reverse it from 960 level.
Please refer below chart : Weekly time frame.
2) On Daily Time Frame: It has broken 21DMA. Also it has came back in to the parallel channel. It might get support from middle trendline of parallel channel.
If not then it will go to the bottom trendline of parallel channel.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Cummins Multi year Resistance TestingCummins Multi-year Resistance Testing
Wait for the break or rejection
Cummins Cmp 1040 dated 2.9.2021 Cummins Cmp 1040 dated 2.9.2021
1. Rounding Pattern BO @ 1045.
Buy for a tgt of 1125 SL 1005
1300 SL 975
It is just a view, pls trade at your own risk.
Cummins india breakout of consolidation , darvas box BOCummins india breakout of consolidation , darvas box Breakout, target mentioned earlier by orange line
Cumminsind 1d Breakout trade- EducationalWith breakout trading strategy One can buy cumminsind for 5% as swing trade as spike in volume.
Buy can initiate on candle close price or on reversal price
Stop loss can be last swing (best) or candle low(risky)
Don't make trade complicated
Support , resistance , volume, with support for surety indicator (optional)
CUMMINSIND intraday trade idea for 2nd Sep#CUMMINSIND entry and exit levels on the chart (refer black/blue lines). Place SL@0.3% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter, #INTRADAY
CUMMINSIND | Trendline breakout - Potential for 30%CUMMINSIND | Trendline breakout - Potential for 30%
CMP : 909 (Dip : 890)
SL : 820
Target : 1050, 1200
cummins indiait for short term to long term as we are considering weekly chart.it has formed a good flag pattern
and given a break out above resistance with good volume expansion.if the stock gives good bullish
confirmation at 937 that will be my entry and stop loss will be 835
CUMMINS : BreakoutStock has given a breakout in previous session & in today's session it has given closing above the previous resistance, confirming the breakout. One should go long on cmp with sl of 900 for tgt of 1000/1050.
SWING TRADE IN CUMMINS INDIAStock is in BULLISH Trend , 50 EMA above 200 EMA
Stock was gave a BREAKOUT from a major PRICE ACTION LEVEL and give the CONFIRMATION for the BULLISH move in coming days
Set STOPLOSS at 1099
Cummins BreakoutBO done above 935 today out of long consolidation range.
- Stop loss - 819 Target - 1120.
- RS rising into the positive zone.
*only for educational purpose not a recommendation
CUMMINSIND - Swing trade Opportunity Cumminsind -- strong breakout after months of consolidation -
Looking strong above 925 - backing up with good volumes on daily timeframe
Next res level - 1048 - Keep an eye on this level. Couple of times reversal happened at the same level in past.
Considering market sustaining above current levels - Good opportunity gor swing trade from 975 to 1045 levels.
Please do own research before investing.
CUMMINSIND NICE BO DONE WITH VOLUME AND SUSTAINED ALSO VERY WELLAs u see on Chart
Price formed Inverted Head & Shoulder Pattern and given nice Breakout of important Resistance level with huge volume and sustaining very well with continuously building up Volume
SWING TRADE OPPORTUNITY
BUY AT 950 WITH STRICT SL 875 FOR TGT - 1100+
Cummins India Inverse Head and Shoulder pattern completed.Cummins India Inverse Head and Shoulder pattern completed, expecting a higher movement
Potential target is Rs 1065 within 6 months time frame
Keep SL below 850 level on daily closing basis
Do your own analysis before investing
