CUMMINSIND trade ideas
CUMMINS
This chart was shared on 5th august and levels were clearly marked for strong upside.
Finally it has crossed 438 and sustains, so any long done now can be initiated with 438 sl for 465, 471 and further for 490
Stop loss is deep, so do calculate risk and then enter.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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CUMMINSNSE:CUMMINSIND
Entry strictly above 417.50, if it does sustain above these levels, play for 426.50 and beyond that for 438
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
CUMMINSNSE:CUMMINSIND
Keep an eye on trendline, you might get the direction.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
Cummins India near to breakout - Level and SupportMany Broker house bullish on Cummins India for Long and suggesting the Target between 448-465. But we have different view on it.
Stock's Relative Strength is decreasing in Benchmark and Sectoral both index and also Stock is treading below 100EMA and 200EMA.
Stock strikes with High increase in Call and Put OI and Aggressive New Long position buildup as well. it's following Fib retracement levels and price is moving under triangle pattern.
Showing BULLISH on below indicator:
CCI in Overbought zone
RSI is Treading UP
Stoch is Treading UP
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Support : 392 and 380
Breakdown : 398
CMP : 409
Breakout : 413
Short Target : 420 (Very Strong Resistance) and 427
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Negative Point:
1) Stock's Relative Strength is decreasing in Benchmark and Sectoral both index
2) Stock is treading below 100EMA and 200EMA.
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(Disclaimer: This is only for educational purpose.)