CUMMINS INDIA SWING TRADECummins has consolidated for long 2months now and a strong chance of upside breakout awaits as the tredline has been respected. So buy above 935 for target of 1100. Follow the channel pattern.
CUMMINSIND trade ideas
Cummins 1hr Chart Symmetrical Triangle 15 Nov 2021Cummins 1hr Chart formed Symmetrical Triangle. Watch out for breakout and retest 15 Nov 2021
CUMMINSINDNSE:CUMMINSIND
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Cumminsind- Reverse from Fib ratioExpected reversal from .786 (Price=878) fib ratio.
CMP=903
T1=1041T2=1136
SL=821
CUMMINSINDNSE:CUMMINSIND
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Cummins INDI found really good opportunity in this stock!
It's on the horizontal line which was resistance Line then after breaking horizontal line now it is support zone
CUMMINS - POC assisted reversal in Polarity.1. Regular Bullish divergence.
2. 50 EMA support.
3. POC support.
4. Morning star like pattern.
The follow up should be good.
Triangle breakoutBeautiful triangle pattern breakout happening in monthly time frame, still two trading days left for the candle to close, but looks unlikely for it to become a shooting star. You never know. Well, ideal entry would be in next month on retest of the trendline, for 20% upmove in 2-3 months, and 7-8 % stoploss. Let's see.
Long in Cummins IndiaThis scrip had broke the supply zone and it had Retested it too, perfect set-up to long this scrip. Swing traders may consider to long this scrip and may have their SL below the supply zone or beloe 21EMA. Have first target of Rs.1100 (11%)
inverted head and shoulder pattern in cumminshorizontal resistance breakout
volume breakout
inverted head and shoulder pattern on daily time frame
higher low pattern
supportive trendline lower
RSi 68
buy at CMP for target of 975
CUMMINSIND - Bull Flag - Swing Trade for Life-time High LevelsThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management .
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Channel Breakout and retest done.Stock Analysis: Cumminsind has broken the channel and retest done. As long as not closing below demand zone expected target are marked on the chart.
happy Investing!
CUMMINS India forming cup and handle patternLook out for cummins ind. If it respects the pattern and take support at 850 it can be a good buy
Cummins IndiaSimple Flag & Pole Pattern break out in Daily chart. No fancy indicators, pure & simple price action.
The stock has shown some retracement post breakout, can go long on this now.
cummins indiaHello traders.
I shared my thoughts about Cummins India script. Based on the cup and handle chart pattern.
