Cummins India stands on the cusp of a multi-year breakout on a monthly chart.
The price is near its lifetime high of 1247 achieved in August 2015.
We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.
As always, do place a stop loss before initiating a trade.
Note: Personal analysis, not a buy/sell...
Stock Name - Cummins India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1848
#This is not Buy and Sell recommendation to any one. This is for...
Stock Name - Cummins India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1815
#This is not Buy and Sell recommendation to any one. This is for...
please refer the chart .
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CUMMINS INDIA after results has dropped with volumes. Double top at 1700 is in making, just waiting for 1530 levels to breach where double top breakdown will happen. A conditional sell
Cummins india share monthly chart move current time wave 3 and weekly chart wave 5 and daily chart price move Wave 5 be aware weekly or daily chart indication for correction
Cummins Ltd 1566 dated 26-4-2023
1. Trendline BO @ 1570
Buy above 1570 for target 1600-1640-1660 SL 1545
It is just a view, please trade at your own risk.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Ideas 24th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and...
Cumminsind 4hr chart clearly indicating of upside move, it has broken Bollinger Band and gave close above the previous resistance, RS Positive as well as there is gap in 3 period EMA & 9 Period RSI. until this gap do not fill upside move is pending.
If at Monday (29th May 2023) hold their low for 1hr it will move further.
This is currently trading in a channel its base is a strong support as its a monthly support people going for swing can simply put 50MA as stoploss and can go long .
there is a good volume coming as well... stay cautious as earning will be out tommorrow as well
CUMMINS INDIA
BUY : 1560-1565
TARGET : 1700
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
