Cummins INDIA ready for upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CUMMINSIND trade ideas
Consolidation phase in CumminsIts been more than one month that Cummins is currently in consolidation phase after breaking its upward trend and no doubt has maintained its position by taking support on 100 EMA and that too continuously. If support breach than next level can be seen around 1530 otherwise in upward trend 2050 levels can be seen in coming months.
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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 | 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.
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!