Cummins India Ready For 30% Rally ??Updating my target in my previous recommendation of cummins.
Buy At CMP - 787.75 & On Dips
SL - 685 (WEEKLY CLOSING BASIS)
TARGET - 985/1100+++
CUMMINSIND trade ideas
Cummins India: Near Multi years BreakoutThe stock has performed exceptionally well in the current market rally and now retraced to a level of 750-760.
Currently it is trying to make a base between 700-750 levels. once a daily candle is closed above 800 Levels with above average volumes which currently acting as resistance. Then a further rally can be seen to 1100 levels.
All levels are mentioned on chart. The perfect entry would be only after a strong closing above 800 levels.
DISC: For educational purposes only. Please consult your advisor before making any bet.
Watchout for Resistance breakoutThe stock has come back again after our previous post and testing the resistance zone. Looks good above 809 level
CumminsInd- A good breakout ?Cummins Ind has been consolidating at the higher range for a while. Last time it broke out from resistance it gave a good move and it is doing same thing for now.
Weekly chart for the reference:-
Keep an eye folks .Fingers crossed.
Go Long if it sustains > 810Cummins has broken long term trend line last month, go long above 810 for 900 levels
Go Long if it sustains > 810Cummins has broken long term trend line in Feb. Go long above 810 for 900 levels
CUMMINSIND IS BACK AFTER 3 WEEKS OF CONSOLIDATION. FOLLOW UPWe traded this today in LIVE market when it was around 789 and it gave us good 20 points. Now it is looking for for intraday.
Prior charts are linked below.
All levels mentioned on chart
Thanks
Piyush Gupta
Learn & Earn
Cumminsind multi-time frame + supply zone+ parallel channel In 15 mins stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also standing on nearby supply zone.
In 2Hrs timeframe it has formed a parallel channel and also nearby 50 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Dont miss the opportunity in Cummins India long term investment Bullish bat took 8 yrs to complete...with same time taken.....look at the volume at the bottom..... could be great investment opportunity for long-term
Accumulate 520-570
Target 1000
Possible target date 4th june 2024
Thanks
Jigar Pateel
8898030401
CumminsInd - Looks Weak CumminsInd:
Ascending Triangle Breakdown Done
Looks weak, Short below 743 with a SL 752
Cummins falling wedge pattern breakout buy 760-772-780 after volume/rsi confirmation this is a falling wedge pattern breakout after so much profit booking.
if gap up then buy at-772-trgt-780-786-790.
trade at own risk.
Buy Cummins Above 800Buy if sustains above 800 for the targets of 840, 880, and 920 until 765 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
