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.
Attached: Cummins Daily Live Market Chart as of 13th April 2023
Price has put in a Clean Head & Shoulder TOP Pattern and the Breakdown & Retest of this Pattern is also done
Currently Price is Moving Down to meet its 2 Targets
Downside Targets:
T1= Gap Fill Area @ 1475
T2= 1360
As long as Price holds below the 20 Day SMA (1615 presently), this Stock is a SELL......
NSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to...
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Stock Trade Idea levels for 21st 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...
CumminsInd took support @ 1550 & bounced back, previously it took support @ 1550 & made new high, as long as cummins stays above 1530 (which happens to be its 50% fib retracement level) its a buy.
Risk:Reward very much in favour of bulls.
Could be bought with mentioned stoploss & targets.
Cummins India
Again moving into important support zones
Looks like a H&S as well
Keep an eye
Need to see how it reacts in the zone
In watchlist for now
On weekly basis showing strength and in a sustained upmove
Currently around 1700 or so. However there is a chance of reversal on the daily chart back to 1650. Keep this on your watchlist and buy in dips back to 1650
One good strategy could be taking a small position - 20% of your full size now and then catch more on the downside
Strong resistance at...
CUMMINSIND:- Ascending triangle pattern has been formed, stock has also given breakout, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas...
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
