Long
CUMMINSIND trade ideas
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.
Cummings IndiaCummings India is strong support at 750 but it moves to its next high 943 from here it is traded in range bound From 800 to 910. So we can accommodate at lower and sell at higher for swing trade.
I am not registered Sebi advisor so try to invest after consulting with your financial advisor.
This is my only educational views.
CUMMINSIND getting ready to flyCUMMINSIND: it is in the process of completing Elliott corrective wave with Descending triangle and price pushed to apex of triangle. When price moves above triangle, go long!
Cumminsind buy side viewCUMMINSIND LOOKS BUY NEAR 770 WITH SL BELOW 741 TGT 1 : 818 TGT 2: 842
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
CUMMINS ( DAILY ) - Trendline BreakoutTrendline Breakout
Volume > Average
Stochastic turning from oversold conditions
RSI = 55
< 20% Selling wick on breakout
Buy above 882
An opportunity have been there as per my ideas A great opportunity have been there may be as per my study
