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CUMMINS INDIA LTDCUMMINS INDIA LTDCUMMINS INDIA LTD

CUMMINS INDIA LTD

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CUMMINSIND trade ideas

FY21-22 Swing Trade Idea #103: Long on CUMMINSINDThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:CUMMINSINDLong
by onerighttrade
2
CUMMINS INDIA Breakout TradeNSE:CUMMINSIND Levels already mentioned.. Look for swing.. Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks
NSE:CUMMINSINDLong
by tradingrhythm1
CUMMINS INDIAPsychology of Inverse Head and Shoulders Pattern.... The psychology of the inverse head and shoulders pattern is explained next: The head and shoulder bottom pattern occurs during a downtrend, with the left shoulder being an additional lower low for the downtrend. The first peak after the left shoulder is just another expected short-term retracement up in a downtrend. From there prices continue moving downward and make yet another lower low (creating the head). So far the inverse head and shoulders pattern is not a head and shoulders pattern at all; it is just a lower low, with a short retracement upward and a second lower low in a downtrend. However, problems begin to arise either at the second retracement peak or the right shoulder bottom. For an upward sloping neckline, the second peak created by the retracement after the head's lower low is far higher than expected. Since the second peak is a higher high and one definition of a downtrend states that prices make lower lows and lower highs, technically the downtrend is over and a new uptrend could be beginning. The right shoulder bottom being higher than the head bottom confirms the potential end of the downtrend because now there is a higher high and a higher low, one of the main definitions of an uptrend. However, for downward sloping neckline inverse head and shoulders pattern, the second peak created by a retracement up from the head bottom is still a lower high and suggests that the downtrend is still intact. Not until the right shoulder fails to make a lower low do traders begin to worry. When the neckline is broken above on a downward sloping neckline on the inverse head and shoulders pattern, essentially the downward sloping resistance line of the prior downtrend has been broken. Inverted Head and Shoulders Upward Breakout Price Target: Breakout Price + ((Neckline Price - Lowest Price in Head) * 74%) Traits that Increase the Inverted Head and Shoulders Pattern's Effectiveness Larger the price decrease prior to pattern, greater the price reversal Patterns with downward sloping lines perform best Patterns with upward sloping lines perform best Higher left shoulder than right increases performance
NSE:CUMMINSINDLong
by VibhutiSharma
3