Wait for breakoutWait for breakout of the current support (RED LINE) then sell.
Then sell
Take profit levels marked with green lines.
Make Money.
CUMMINSIND trade ideas
Short Opportunity in CumminsIndOn 4hr tf a falling wedge pattern broken and in 1hr tf the rising channel pattern seems to be broken on the downside which could possibly mean that the stock is ready for a retest at the 4hr tf falling wedge pattern's upper trendline and then continue it's uptrend. Below 830, the levels of 820 and 816 can be seen. If a big momentum candle closes below the trendline then a downward till 800 is possible.
CUMMINSIND : Target 930 ???CUMMINSIND
Pattern: Channel Trend
Time Frame: 1D
Breakout Area: 850
Potential Upside Range: 900-930
cummins on a ride this expiry ?volumes are seen to be builing up
with cmp of 833, i see a potential of 10 percent inn this counter.
target 915/20
timeframe 10 days
Stock Analysis of Cummins Ltd.Price - 833.10 Dt. - 11.06.2021
Yesterday, the stock broke the trendline with near-average volume and today it took support at the trendline and moved back. The stock closed in red but it gave closing above the trendline which shows stock can still move upward.
Stock is above the 21DEMA and 50DEMA, in fact, 21DEMA is ready to cross the 50DEMA from below. RSI is in the neutral zone.
The resistance line is placed at 929.35.
CUMMINS INDIA - Trendline BreakoutToday, the price broke the trend line resistance. The price may retest the resistance line before making a big move.
Cummins at good buy zoneCummins showing good momentum taking support at monthly/weekly RSI. Also taking support at trendline.
Sell off volume is weak.
cUMMINSIND 1D TF Breakout of the descending channel seems to be on the edge.
Above 840.65, Can expect 862.70
intraday idea for tomorrow #equity intraday idea for cumminsindia . sell below the mentioned price only if it closes below it. stoploss can be placed below trendline. if you like the analysis like,share.
deep consolidation in Flag Cumminsclear-cut Flag formation in Daily TF
breaking channel pattern would be ideal entry.
if we get it around 780-790 will be good entry with min. risk i.e. (swing lower)
#the_pravin #simplepriceaction #swingtrading #notoidicator
MACD bullish crossover in CUMMINSIND CUMMINSIND trading in downtrend channel since last 1 month trading session. Yesterday it reached near the resistance level of downtrend channel in same its also shows MACD bullish crossover. This indicates that more chances it will give breakout of this downtrend channel and give projected target upto 935+.
looking for long opportunity keep in your watchlist logic pole and flag type pattern / simple stock in in a channel let the breakout happen and we are good to enter short term trading enter as per your risk and at your own risk
Cummins India - Hammer with massive volume in Accumulation phaseCummins India seems to be in accumulation. The price formed a hammer on 200 moving averages and took liquidity from the previous support zone. The volume expansion was massive but the market structure is still Bearish. It's too early to say about the follow-up but it would be a good ambush entry if someone is willing to take the risk.
Targets: 805, 865, 922.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Cummins India Long Cummins India is ready to for swing trade above 643 on DCB(Daily closing basis)
Key levels are marked in charts
cummins India -For 04.06.20211 . Cummins india looking good above 813, buy for the targets of 821 and 828 with stoploss-808
2. Weak below 804, have a sell position below 804, for the targets of 798 and 791, with sl -809
3. trade will remain void if opens big gap down or big gap up.
Cumins India made morning star at falling wedge 4hr tf supportCumins India made morning star at falling wedge 4hr tf support
