CUMMINSIND trade ideas
Weekly levels (5 to 9 October 2020) - CUMMINSINDweekly levels for 5 to 9 October 2020. Short bias because stock is retracing.
CUMMINSIND AT SUPPORT LEVELThis stock got support at lower level and am expecting bounce from here so plan your trade with help of this chart.
CUMMINSIND is Making Symmetrical Triangle Pattern (Breakout)Cummins India Limited : ( NSE:CUMMINSIND ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
CUMMINSIND : Trade SetupNSE:CUMMINSIND
Hi Traders,
CUMMINSIND trade setup on chart and Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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CUMMINS LONG TERM 1MTHE PRICES HAVE BEEN SUPPORTED BY TREND CHANNEL LINE AND THE MONTHLY SUPPORT. CAN HAVE A RETEST OF PREVIOUS HIGHS (450s, 570s)
Caution advised. We can wait for a trend in other direction to begin before buying.
CUMMINSIND is Making Symmetrical Triangle Pattern (Breakout)Cummins India Limited ( NSE:CUMMINSIND ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
CUMMINSIND BUY- FOLLOW THE TRENDCumminsInd is a midcap company from engineering sector. Based at Pune, this company had given good results in quarter ending june. You can buy it from current level and add till 440. Short term target will be 530. Long term target will be 630.
This idea is for educational purpose only. Please use strict money management rules and stoploss. Please consult your financial advisor before investing.
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One Year Old Trendline BOThe stock is moving towards testing this one year old trendline. Will it be able to break it? Keep on radar above 512.6 which is also a strong support/resistance
An opportunity if stock makes higher high continuouslyCUMMINSIND BUY: 484, TARGET1: 520, TARGET2: 620, SL: 444
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If the price sustains above 520, it may go upto 620 as the next target.
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-Mohit Rajani
[Buddha] CUMMINSIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[CUMMINSIND] PRICE ACTION !As per charts, After bulls rally took a halt and again price may go high Plan accordingly.
