CUMMINSIND trade ideas
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
Cummins India OverBought IndicatorCummins India is overbought >80 in daily, weekly and monthly tf making it ideal candidate to short.
Short on PDL break.
CUMMINSIND: Buy 746.85 SL 728 T1@772 T2@824CUMMINSIND is on a third day long steak with gain of 10% and a GAP UP opening.
GO LONG IN CASH MARKET ONLY. DO NOT RISK IN FNO
Buy at 746.85
Stop-loss 728
Target 1 at 772
Target 2 at 824
Consult your financial adviser before investing.
Cummins - Inverted HnS pattern with good volumesI think we can see 800 soon if inverted HnS breaks out.
#CUMMINS IND CASH : LOOKS GOOD ABOVE 763#CUMMINS IND CASH
01 NOV 2018
LOOKS GOOD ABOVE 763 &
ADD MORE ABOVE 770.10
STOPLOSS 748
TARGET 785-788/798-800
CMP 746.80
Cummins India - BUYThe ongoing downtrend is Wave2 of the fresh impulse started at 612. On both price wise and time corrections seem to be concluded, the stock may take a fresh start anytime soon. Expect Wave3 target of 980-1000 in the coming 3-6 months. The targets would be revised as the internal waves unfold. Maintain a stoploss below the recent low and buy.
