Cumminsind- Reverse from Fib ratioExpected reversal from .786 (Price=878) fib ratio.
CMP=903
T1=1041T2=1136
SL=821
CUMMINSIND trade ideas
CUMMINSINDNSE:CUMMINSIND
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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.
Cummins India flag pattern Cummins India formed a flag pattern if breakoit happen with momentum it can see more upside movement
Cummins IndiaPrevious resistance zone has now became a support zone (marked)
Breakout of channel will move stock price higher
Just for education.
CUMMINS - Swing tradeReasons to buy for swing :
1. Broke out of falling wedge
2. Reversal from Fibo 50%
3. Decent RRR of 1.90
4. Overall bullish structure of market
5. Prevailing up trend in Cummins
E 835
T 890+
S 808
CUMMINS INDIA ::: BULLISH :::DATE: 10 JUNE 2021
INSTRUMENT: CUMMINSIND
TREND: BUY
TIME FRAME: DAY
CMP: 839.60
BUY ABOVE: 845
STOP LOSS: 807
TGT 01: 868
TGT 02: 907
DISCLAIMER:
We are not S E B I registered analysts.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
