CUMMINSIND trade ideas
Cummins india Resistance breakoutGave good breakout above 860 with higher volume, can be added for sequential target of 887,895 and 900
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CUMMINSIND: BUY at 848 SL 828 TGT 290CUMMINSIND has gained 3.16% on NSE with 3.45 times its average volumes supporting fresh long positions in FNO segment on NSE. The stock is in an uptrend trading above ichimoku.
Take a JAN Positional Long on this stock in Options. Please consult your financial adviser before investing.
BUY AT : 848
Stop-Loss: 828
Target 1 : 890
Cummins testing resistance to Break outDisclaimer: This idea has been posted strictly for educational purposes only and any investment call shall be taken post proper due diligence and consultation of a certified Financial Advisor
#CUMMINSINDBO12 formed
TGC with strength
38.2 fibo crossed with strength
Reversal confirmation on D and W
CCI(D/W) > 100
Easily reach 1005.90
Target 1207 (M conductive candle) all resistence clear
(1) is not broken by (4)
#CUMMINSINDBO12 formed
TGC with strength
38.2 fibo crossed with strength
Reversal confirmation on D and W
CCI(D/W) > 100
Easily reach 1005.90
Target 1207 (M conductive candle) all resistence clear
[Positional] Inside bar CUMMINSHas formed 2 consecutive inside bars + a penant
Go long if PDH is broken at PDH with SL at PDL ,
Short at PDL if PDL is broken, with SL at PDH
PDH - 836.45
PDL - 814.35
