CUMMINSIND trade ideas
CUMMINSINDIA ::: SHORT13 May 2020
INSTRUMENT: CUMMINSINDIA
TIME FRAME: I HOUR
OTHER TIME FRAMES FOR CONFIRMATION:
1 HOUR & 2 HOUR.
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
Technical levels
CMP: 19618
Sell below: 361.10
SL: 364.75
TARGET 01: 360.25
TARGET 02: 358.81
My analysis of CUMMINSIND is expected to continue its downtrend for some time now. On day time frame Stochastic & PSAR have confirmed the bearish trend. The Bearish trend is confirmed in 1 HOUR & 2 HOUR time frames. If it closes below 358.81 on the end of day time frames we may also see 349.50 to 346.30 levels also
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
CUMMINSIND GAP DOWN AND BOUNCEInstrument: CUMMINSIND
Time frame: 4 hours
indicators:
Stochastics: bearish
PSAR: bearish
My analysis:
Expecting CUMMINSIND to gap down / sink to 371 - 354 on Monday.
Once it starts retracing back upwards would like to buy above 366 to 371 keeping the so below the low of the day for targets 379 - 386.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Value Investing 9: Cummins IndiaGet value stocks of all sectors - Contact 07066035072 (Whatsapp only)
Sector: Automobile
% Debt of Market capital: <3% (Negligible debt)
PEG: 4.03 (Fast growth)
Beta: 0.94 (Not Volatile)
Fair value: 590 (Compare with current price)
Key buying/support level: 421-345-268
Fundamentals: www.fundata.in
Cummins Industries - Bearish Bias - Go Short at current levels.Cummins Industries - Bearish Bias - Go Short at current levels.
CUMMINSIND Possible LongMACD + RSI Divergence and break of falling wedge , Target can be the resistance blue line
CUMMINS INDIA - LONG ABOVE 607 DT.25.01.2020GMS - SWING TRADE # 4
CUMMINS INDIA - CMP - 595.15
LONG View Above only 607 with SL 570
TARGET - 650 - 700 - 750 (1 - 60 Days)
TARGET - 800 - 840 - 930 (1 - 2 Years)
Shared Chart Learning Purpose Only
Trade idea for cummins indiathere is bullish divergence on daily time frame with falling wedge so expecting a bearish test to that downtrend line placed above it.
Cummins India - BUY - Short TermHi
This is for a short term buy.
It seems Cummins India is a short term buy above 564.80, with a SL of 544 and targets around 600/620.
The Risk Reward ratio is around 1:2 & 1:3.
MACD is showing divergence on daily chart and has given a buy signal.
RSI is nearby 50 and is in with sync with the up-moves as of now.
So with this small SL in mind, we can initiate longs.
Cumminsind - Clash of PatternsA Neat descending Triangle in Cumminsind indicates indicates selling, since a descending triangle is a sell pattern.
But the Price flow in this Chart indicates that the price is Strongly rejecting any new Lows at 550 (Round Number Support) which indicates incoming Buying pressure around this area.
Also, we see a Break out of the Triangle, giving a slight edge to Buyers.
PRICE AT SUPPORT buy @ 588.50
sl 554
target- no upper target trail the profit
REASON FOR BUY
1.PRICE TAKING SUPPORT THE LONG TERM TRENDLINE AND
2. PRICE IS HOLDING THERE FOR MORE THAN 3 WEEKS SHOWS THE SIGN OF REVERSING
only for education purpose onlyprice forming lower low and rsi forming higher high
sell@ 757
sl@ 788.75
tgt trail
