CUMMINSIND trade ideas
Exhaustion candle on CUMMINSINDCUMMINSIND rose with good volumes but was not able to break the trendline. Bears pushed it down and closed it at S/R level. Bears seemed to have taken the control and plan to push it down.
#CUMMINSINDWe need 2 strength candles, current 1st is in making
CCI(D)>100
CCI(W) in Sell hold
This will
Activate TGC (EMA alignment)
Confirm the reversal
The next candle must close > 912 with strength
Break out, looking for and uptrend good price to buy NSE:CUMMINSIND
Buy at 882
Stop loss 845
target 922
CumminsIND - Will it be a strong reversal?NSE:CUMMINSIND has reversed from its yearly support and RSI is also indicating trend reversal
Go long above 863.10
T1 - 930.80
T2 - 998.90
SL - 825.50
Cummins India Double BottomCummins India Double Bottom
Long above 864 with 825 as SL
T1 - 876
T2 - 887
T3 - 897
T4 - 910
Cummins India - Keep in your watch list.NSE:CUMMINSIND has been consolidating in the range of 870 to 950 for past 4 months.
Today (27th October) there is a sudden surge in the volume and price come to the low of 870 and raised to close at 912.
One can go long above 954
T1 - 986
T2 - 1049
SL - 900
Cumminsind-trendline support near 200 DMA weekly ChartCumminsind-trend line support near 200 DMA weekly Chart can keep in watch list for possible reversal around 820-830 or on double cut of 200 DMA
Cumminsind targetting 840 820 in the coming days.
NSE:CUMMINSIND
Target of 840 820 in the coming days. Since it has breaken the channel, it is safe to assume that share was being distributed at these levels till now and have started moving lower now.
Cummins - Symmetric Triangle. Will it break or reverse?Cummins is at its support. Will it break or reverse?
Wait for break up on either side of the Symmetric triangle to know the trend.
CUMMINSIND in a beautiful patternCumminsind is following a pattern. And near future it will go up again. But before going up we can take profit from short sale.
Symmetric Triangle on CumminsIndSymmetric Triangle and price on Demand zone. It is a good chance enter into the right direction either long or short.
Trade:
Long - Entry 925, Targets - 945 / 969 & SL - 900
Short - Entry 899, Targets - 882 / 859 & SL - 924
Note : Demand zone will trigger for long side. So, need caution on short side.
Possible day trade set upI am looking the stock is recovering from brief fall , I am looking to go long after a small pull back near 910 with the stop 900, Immediate target is 945
Lets see how it unfolds
Regards
Cummins India - Breaks Crucial Support ZoneIt is been observed on the daily chart that the price action breaks below the important and crucial support zone indicating further weakness in the stock. Now, if it closes below 880 levels today then It shall now further dip down from current levels.
Target 1: 860
SL: 900
CumminsIndia - Rounding bottom!Price action is forming rounding bottom in weekly chart which implies it is good in long term. Consult your financial manager before investing.
Possible long after short pull back I am already in this trade form 895 , My idea is add more if the price test the 962/974 Price Zone and bounces , My ultimate target is 1070
Lets see how the Market moves
Regards
U-TURNAfter result day Cummings India failed to reach market exception price sharply corrected from 1070 to 885 levels, But Still quarterly numbers are pretty well. Technically now price has failed to break 38 percent retracement level 881 and Managed trade near above 50 percent retracement 992. Currently closed @ 919 levels trades can buy in the range of 915 -900 levels with stoploss below 880 levels.
Happy Trading
Feel free to ask me
Disclaimer*
I had shared my perception on my technical awareness and I post it for educational purpose only before investing or trading on my analysis reports please do your own research & trade with Risk management strategy.
Cummins : Channel Breakdown to DownsideWe will be interested in this trade setup only if downside break happens, if it never gets on, there is no trade, we will be looking for some other setup & scrip. Conservative traders book your partial positions around 900's zone & trail. Depending on your targets you need to adjust your stops , take care ! All the Best with Cummins..
