CUMMINSIND trade ideas
cummins india - go longbuy from cmp 625.5 to 624.2
easy target 635
tg2 - 645
positional tg - 670
sl- yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
Cummins India 3 Year 8 Months "TREND LINE" Broken On Weekly TFEmp - 615
Any Weekly Close Above 653 Grab It
Strict SL - 515 (Weekly Closing Basis)
Target - 885/985
Cummins India 12/01/21 Wednesday The price is moving in a Down Trend ,between a Descending Channel perfectly. There may be a breakdown . THERES HIGH PROBABILITY TO ACHIEVE TARGET 1. If the selling pressure remains persistent ,Target 2 can also be achieved. PLEASE BEFORE INITIATING A TRADE CHECK THE TREND BY WHICHEVER SIGNAL YOU RELY ON. TRADE WISELY AND SMARTLY .
Buy Cummins Above 617Buy if sustains above 617 for the targets of 635 and 650.
Happy Trading!
InvestPro India Team
CUMMINSIND LONGDISCLAIMER: ONLY AN IDEA, FOR EDUCATION PURPOSE. DO NOT CONSIDER THIS AS A RECOMMENDATION.
Do let me know what you feel in the comments.
CumminsInd ViewCumminsIND:
Tested 616-618 many times, Resistance breakout possibiity
Long above 619 with a SL 610 (Intra)
SL 600 (positional)
Cumminsind | Trendline & Ascending Triangle BO at same time 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =593.85 or CMP
--Target = 745.45 | 871.45
--Stop-loss = 530.10
--Lot Size =1200
--R:R = 4.35
--Expected Profit = 3,32,000 ₹ per lot (46 % )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Longterm trendline break with good volume
2) Ascending triangle break with trendline
3) Retracement is probaly done
4) Targets is based on the resistance areas
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✍COMMENT Below your view !
Cummins IndiaAfter completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
CUMMINS INDIA - Ascending channel pattern at 2 hours TF - LongCUMMINS INDIA - Ascending channel pattern formation at 2 hours TF - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Cumminsind - Break expected after 469 days !!!Price clearly bullish and it will break the resistance this time after nearly 469 days of trading below the level. Immediate possible resistance after the break is mentioned in the chart (dotted lines) if closes above this line then a super good move is possible in this script.
CUMMINSIND Analysis 03 Jan 2021After the VOLEXP 27Nov2020 Price action is around 50%
Taking support.
Made Tails.
Momentum IS Missing.
Cummins below 550 looks weak If stock doesn't take support at trendline, can be a good shorting opportunity
CUMMINS INDIA - Head & shoulders pattern formation at monthly TFCUMMINS INDIA - Head & shoulders pattern formation at monthly TF
