#cumminsind - results tomorrow be cautious.
But what a beautiful chart and “W” pattern in daily TF.
SL defined in chart for both trader n investors perspective.
PS : Only for learning purposes.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling channel
📌 Symbol/Asset: Cumminsind
🔍 Description: Stock is in a falling channel. and support is coming around 1630-1650. we might see bounce if stock takes support around these levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just...
CUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1805+.
✅Can Go Long in this stock by placing a stop loss below 1725-.
Cummins India: 🚀Revving up for a comeback! 📈 #CUMMINSIND stock is shifting gears and making moves to accelerate its journey upwards. Don't miss out on this exciting ride!
Note: This chart is for educational purpose only
NSE:CUMMINSIND Formed in 1962, the largest entity of Cummins in India, Cummins India Limited is the country's leading manufacturer of diesel and natural gas engines.
Cummins India formed morning star candlestick pattern and gave closing above it.
Entry : 1755.35
Target : 1821.40
SL : 1670
RR : 0.77
Hi Everyone,
As you can see CUMMINSIND broke down 1 year trend line and is in downtrend.
RR is good in CUMMINSIND for short term, and mentioned in chart.
I posted a LONG trade in June, at 1200 rs, and then it touched a high of 2000, and came down to 1700..
1700 is strong support, as long it is below 1700 you can consider it in bearish trend..
One can short 1800...
Cumming india a good up trending stock!
It is following a series of HH & HL, Bullish rally can be seen once price starts taking support and accumulate
Confluences:
1. 4hr trendline support
2. 4hr ema support
3. Previous resistance into support
1700-1750 seems to be a good level for longs!!
The picture is self explanatory
Recommend - Buy ITM Calls, Stock or sell put credit spreads (depending on your risk appetite)
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas...
CUMMINSIND has given triangle pattern breakout from resistance trendline level of 1930 with good volumes and seems to be good daily closing above 1940 levels.
Target: 2020+ in 1-3 days
SL: 15 min candle close below 1930.
NSE:CUMMINSIND
Cummins India yesterday gave a good breakout on 30 min chart
it should give a good follow-up move after retest ( mentioned on the chart)
watch the price action and volume when it's doing retest.
stop loss should be below the support trend line as it's the major trend.
Project an upside channel line for target measurement. or you can use the...
CUMMINSIND:- If it sustains after giving a breakout, we may see an upside moment.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
