Exercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
---------------------------------------------------------------------------------------------------------------------
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens...
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
---------------------------------------------------------------------------------------------------------------------
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk...
Key Points:
- On daily TF this stock showing strong up move momentum from last 6 months
- RSI crossed 70 and above RSI MA
- All EMA crossed and good potential of up move
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
CUMMINSIND:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye
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 to get to know about...
CUMMINSIND
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1665+.
✅Can Go Long in this stock by placing a stop loss below 1560-.
✅breakout this can give risk:reward upto 1:4+.
Manufatures of diesel & natural gas engines. Almost debt free company with consistent returns from stock value over years. Stock is near 52 week high . Stock is trading through an upward parallel channel. Stock now bounced over from resistance trend line . Trend shows a short term movement of 10-15% .
Cummins india looking weak in comings trading season.
Evening star pattern formed in hourly chart as well as in daily chart also.
There was a gap in between 8 feb to 9 feb 2023.
Gap may fill.
Gap work as a good support and resistance.
Here trendline and gap will act as a good support area drawn in chart.
Its my own idea not advice.
Short Cumming India after gap up it is not sustaining above levels it will retrace to fill the gap and continues uptrend,
Short below or at 1570 stop loss of 1580 targets of 1560 ,1550, 1535, and trail till to gap fill.
KEEP IN RADAR : FOR GOOD ENTRY
* Today, CUMMINSIND stock closed 7% up
Greater volume than the 50-day average.
A leading stock that moves up in heavy volume.
A signal that big institutions are accumulating the stock.
Cummins India Cmp 1390 dated 30-1-2023
1. Hammer Candle made on Friday @ Support
Buy above 1392 for target 1415-1440-1455-1475 SL 1355
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be...
Breaking out of the zone above 1064, the 5 year price high of 1094.95 last achieved on 2 May 2017, broken.
7 year price high of 1247.65 last achieved on 3 Aug 2015 can act as immediate target and resistance.
Probable target: 1373
Keep a stop loss of 5-8%.
Note: Not a buy and sell recommendation, do your own study and consult your financial advisor
