cummins - Is this head and shoulder pattern valid?cummins - Is this head and shoulder pattern valid?
CUMMINSIND trade ideas
Cummins India Bearish Bat Pattern on Weekly TFCUMMINSIND reaching Major Structure Zone (Yellow)
which has been a support now acting as resistance.
Tested and failed in September' 19 & January' 20
In Confluence with below
1). Weekly timeframe - 0.886(Bearish Bat) & 1.618 AB=CD
Patterns PRZ converging within 610-630 zone
2). RSI 70.64
3). Monthly timeframe - touching 0.382
Targets
1 - 485
2 - 406
Cummins India DAILY CHART FLAG PATTERNCummins India DAILY CHART FLAG PATTERN
IN FLAG PATTERN WHEN MARKET CROSS STRONG LEVEL MARKET KEEP MOVE ON THAT DIRECTION
IN FLAG PATTERN WHEN RESISTANCE CROSS RESISTANCE BECOME SUPPORT
IN FLAG PATTERN WHEN SUPPORT CROSS SUPPORT BECOME RESISTANCE
WE HAVE STRONG RESISTANCE AREA 1610-1615 IF CROSS UP SIDE TRADE START
WE HAVE STRONG SUPPORT AREA 565-570 IF CROSS DOWN SIDE TRADE START
HAPPY TRADING
IF ANY QUESTION REGARDING THIS CHART & PATTERN FEEL FREE ASK
CUMMINSIND - 24 DEC 2020 - long opportunityBuy on dip in cummins india for intraday today and also good for swing
CUMMINSIND - Flag and Pole - AMI07 Dec 2020
CUMMINSIND - Flag and Pole - CMP 570
Buy on Dips till 560 for Risky Players
Buy above 600.
Strong Resistance @ 615 is observed. Tread carefully.
TGT 685 / 745+
SL 510
CumminsInd Swing Trade ViewCumminsInd: Swing Trade View
Ascending Triangle Breakout possibility
Long above 618 with a SL 604
Cummins near breakout Ascending Triangle PatternCumminsind is near crucial resistance and breakout is very much possible, enter here or on retest, important levels of resistances are marked through yellow line and serve as possible targets.
Multiple times the stock failed to breakout past the 615 area, but this time it looks possible. SL can be kept below 584
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
CUMMINS INDIA awaiting for channel break outprobable targets shown in the chart
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my recent post on infy hits the target 1
CUMMINSIND TRIANGLE BREAKOUTThe stock has broken a triangle consolidation with good volumes.
BUY above 600 with an SL below 590. Targets - 618 & 635
Flag Pattern Breakout in CUMMINSIND for Target of 723+CUMMINSIND showing Bullish flag pattern breakout. If it trading above 610 then we will see the quick next target of 652. According to the chart pattern, the projected target will be 723+
Possible Trade:
Buy CUMMINSIND Above 610
Stop-loss 585
Target 652 723+
CUMMINSIND 1DTHE STOCK IS IN BULLISH TREND
THE STOCK GAVE A BULLISH BREAKOUT OF THE FALG PATTERN ON DAILY CHARTS AND THE RETESTING IS ALSO DONE
THE TARGETS AND STOP LOSS ARE ON CHARTS
CumminsInd View-Flag Pole BreakoutCumminsInd:
Flag Pole Breakout
Long above 602 for 625, 650 with a SL 580
#CUMMINSINDIA #BREAKOUTTRADE #PRICEACTIONTRADING #MULTITIMEFRAMEMULTITIMEFRAME TO BE CHECKED FOR DIFFERENT UPSIDE BREAKOUT, REVERSAL AND UPMOVE
CUMMINSIND, SIMPLE THINGS IN PRICE ACTION CAN LEAD TO BIG RESULTAll level mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
