Cummins 1dtflook like retracement also done and have targets of 1032,1050 as market supports... Since it trade belows 980 makes good buying opportunity upto 925
CUMMINSIND trade ideas
CUMMINSIND Looks Good Again !!Previously all target achieved inclusive positional.
CUMMINSIND : cmp : 1109.4
A rounding bottom kind of pattern has been formed in weekly chart.
Closed above 1100.
Making higher highs for 3 days.
Buy on dips.
Accumulation zone :1030-1060
Profit booking zone may be : 1128 - 1148
SL 1008/According to your risk appetite.
Positionally can move 1240+
Sl 998 Dclbs
April Future as well as Option :April 1100CE can be look after.
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Learn Regularly. Not occasionally
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Cummins India At resistance NSE:CUMMINSIND
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Cummins India: bullish rounding bottom pattern***********
Pattern name: rounding bottom
Target: 1830
Stop loss: 877
Chart time period: 255 weeks
Total gain: 71%
***********
CUMMINS INDIA NSE:CUMMINSIND
CUMMINS has been bullish since the past few months and seems to be on path to move past its all time high levels. The stock can be a good buy at current levels to ride the upmove with SL at 900-910 levels.
CUMMINS INDIA GAVE A CUP AND HANDLE BREAKOUT CUMMINS INDIA gave a fresh CUP & HANDLE pattern breakout on weekly timeframe ,
.
.
Factors Supporting this breakout :-
1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders.
2)MACD:- MACD is showing is a positive divergence and also currently placed above the center line .
3) Strong Weekly Bullish Candle .
So one can enter this trade with his/her 50% capital according to risk management for this stock and add rest if it retest the the breakout level .
our stoploss will below this week low that is 1018 , and i am leaving the target level upto you guys as it can really big .
This is only for educational purpose , excute trade only after doing your own research and according to your risk appetite .
HAPPY TRADING
cummins long opportunity cummins india has given a good breakout from channal and also has crossed previous high as shown we can enter as per our rik management .
We can expect a good move from here.
Cummins Cummins ..keep on your radar..above 1200 add to your portfolio.. can became good wealth creator
CUMMINS : RANGE BOMoving out of Range with good volume
TGT - 1150 &1300+(Positional)
SL - 950
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
CUMMINSIND Looks Good !!CUMMINS : cmp : 994.65
A wedge kind of pattern has been formed in daily chart
as well as hourly chart. Above 1000 can go upto 1100+
RSI trending up.
Buy on dips.
Accumulation zone : 985-1000
Profit booking zone may be : 1018 - 1058
SL 978/According to your risk appetite.
Positionally can move 1100+
Sl 958 Dclbs
March Future as well as Option :March 1000CE can be look after.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
Cup & Handle - Multi Year Breakout Expected (Don't Miss)Must Accumulate for 1500-1600 levels within 12-15 months time
Very good quality Stock. Don't Miss at Current Levels.
50HCL Setup Stock Performance50HCL Setup Stock Performance
"50HCL" indicator already shared in indicator section.
All Conditions are given there. This indicator has potency to gain about 5% to 20% profit.
Cummins India Ltd - 25.02.2022Cummins India Ltd - 25.02.2022
The stock is trading @ 959 levels
There is a RESISTANCE @ 980 levels
The prices are above EMA
There is a HAMMER in Daily Chart
RSI is 55 in Weekly Chart
watch out for the price action
Cummins India Cmp 975 dated 18-2-2022Cummins India Cmp 975 dated 18-2-2022
1. Shooting Star Candle.
2. Sell below 970, the low of the candle.
Sell below 970 for a tgt of 955-945-935 SL 992
It is just a view, pls trade at your own risk.
cummins1000 seems to be acting as the resistance as of now the cnadlestick formation at the trendline indicates that its coming towards the lower trendline of the pattern but if the resistance 1000 is taken out it give a breakout from the pattern
