CUMMINSIND trade ideas
Cummin IndiaBearish Engulfing seen in Cummins india.
Sell below todays closing with target of 1755,1557,1486.
Safer side will be short below 1828
SL of 1912
Note :RR is not favorable for short term.
CumminsInd Long above 1960 Closing BasisThe Stock is being consolidating at upper range of the move, a strong candle formed with good volume ahead of the 1Q results, for result bet one can go long above 1960 for the immediate target of 2020-2050.
The Post is solely for educational and learning purposes.
Ascending Triangle pattern breakout in CUMMINSINDCUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2050+.
✅Can Go short in this stock by placing a stop loss below 1920-.
CUMMINSIND LOOKING WEAKAs we can see on a daily time frame of CUMMINSIND it has fromed a head and shoulder pattern which is one of the bearish pattern and along with this RSI also shows a weakness in a stock so in a upcoming days we can see a good downfall in CUMMINSIND. if one is want to go short in it keep a SL @1925-1930 and downside we trail our SL.
CUMMINSIND - Possible Cup and Handle BreakoutCUMMINS is forming a very good cup and a horizontal handle.
Can consolidate bit more here before staging an up move
If materialises, a really good R:R Trade.
CUMMINSINDConfluence:
=About to break market structure
=Market space
=1600 round number
LONG above 1605
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
CUMMINSIND | Swing Long | R/R = 6> Target & SL Levels on chart
> near ATH
> at RS support
> PE trending higher. Earnings expectation high.
> volume confirmation on 6th Feb weekly candle
> Not a market for rapid moves, so target most likely would take till year end.
Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
CUMMINS DAILY TLFBDCUMMINS DAILY TLFBD
CMP 1544
best entry 1533----1510
sl 1485
Target - 1 ---1655
Target-2 ---1700
CUMMINSIND - LONG IDEA - Expecting about 8-10%CUMMINSIND - LONG IDEA - Expecting about 8-10%
CUMMINSIND - LONG IDEA - Expecting about 8-10%
CUMMINSHello and welcome to this analysis
In the daily time frame after a very strong run in 2022-23 the stock is showing a reversal signal.
It could test the Ichimoku kumo levels of 1550-1525 as long as it sustains below 1625.
#CUMMINSIND - Bearish RSI Divergence!!! CUMMINSIND Weekly & Daily Chart showing bearish divergence between its PRICE and RSI.
Price is trading at all time high price. If price forms any negative price formation or bearish candle than only we can expect god fall towards downside.
CMP -- 1600
Buy Cummins india at 1578 SL-1540 Target 1706Retested strong support with bullish Harami pattern, good for swing trade
Cummins indiaIt is trying to to make new hight but some small correction
It is on BO keep this stock in your watchlist
Elliott wave 2nd of 3rd wave has just started On a monthly chart, wave 1 and 2 are complete and we are in the third wave.
In 3rd wave, the 1st wave is about to be over. If it will retrace a good level (61% of wave 1, inner 4th wave of wave 1), then a nice bull run is expected.
Short-term analysis - You can short it at some good level while managing risk.
Long-term analysis - If wave 2 confirmation is good, A big move is ahead with a very minimal stop loss.
Happy Trading!
Cumminsindia view for 15th FebCumminsindia view for 15th Feb
Ascending channel continuation expectation above 1620
Also resistance area has to break with good volume
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
CUMMINS INDIACUMMINS INDIA is trading at near all time high and it makes traingle pattern on All time high breakout of this pattern can give some momentum. lets wait untill the breakout of pattern
Bullish Flag Pattern Breakout in CUMMINSIND with huge VolumeHello Traders,
We have seen bullish flag pattern breakout in CUMMINSIND stock with huge volume and it had opened today in gap up,,this is showing positive moment in this ticker,,as this has opened in gap up so we can see some downside in this till one day or two day and that will be the best time to enter in this to get our target..here also is best buying range but risk and rewards won't be our favour but if anyone can handle little downside and ready to accumulate in down levels then definitely this is also best range to enter in it,, well i have mentioned already best buying range on chart please follow before to initiate trade. MACD also showing bullish cross over in it,,Option chain also showing positive data,,overall this is best stock for short term as well as long term. if anyone wants to hold it for long term of course can go for it..
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CUMMINSIND Intraday Trading SetupCUMMISIND Intraday Trading setup. Buy above 1460.
TARGETS - 1490-1500.
CUMMINSIND- Bullish Pattern Formation PositionalCummins India forms a bullish pattern, as we can see price is rejected multiple times from the resistance level with decreasing strength, and a breakout has been given. and Retesting to the same resistance as support, the probability is very high to move upward after retesting.
Entry Level:- Above @1435
Stop Loss:- Below @1415
Targets:- 1450, 1460,1470
