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Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart: Key Observations: Resistance and Breakout Zone: The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing. A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move. Support Level: The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level. Targets Identified: Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620. Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs. Consolidation Phase: The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout. Targets: Short-term: A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1). Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2). Medium-term: If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario. Trading Plan: Entry: Enter on a breakout and sustained close above ₹3,620 with volume confirmation. Stop Loss: Place a stop loss at ₹3,500 (below the breakout zone) to manage risk. Target Levels: Short-term target: ₹3,883. Medium-term target: ₹4,106. Pullback Opportunity: If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point. Conclusion: Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
NSE:CUMMINSIND
by The90sTraderOfficial
PNB The Best Investment Opportunity ! ! ! We see Wave 1 and 2 both are completed and Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory, Now forms the Wave 3 the Most awaited the most powerful the most wanted and important wave for every trader, This Wave 3 has the maximum potential. According to the Elliott Wave Theory these are the Extended Fibonacci Levels giving us the leading information instead of lagging. HAPPY INVESTMENT ! ! ! !
NSE:PNBLong
by WavesandZones
Amazing Reward against the Risk for Crompton Greaves Price has completed an Upward 5 Wave Sequence structure (Wave 1) and a 3 Wave downward Correction structure (Wave 2), now we have the Wave 3 coming up which is the Wave to surf!!! We see that Wave 2 has retraced Wave 1 by 61.180% and that is the rule for retracement of Wave 2 as per the Elliott Wave Theory. Wave 3 as per Fibonacci Extension levels achieves 161.80% of Wave 1. After reacting to the 6 Months Demand in the left side Price has closed above the EMA confirming Buying Pressure and we also have a Demand formed in Monthly which is our Trade Demand for the Target of Rs. 878.45 that's a Reward of 21.44 against the Risk of Rs. 26.80. This is the Buy Trade with defined Risk .
NSE:CROMPTONLong
by WavesandZones
NSE:TALBROAUTO - Weak hands out ?? ready for next leg upTalbros Automotive Components Limited is an India-based company that is primarily engaged in the manufacturing of automotive components. The Company offers a range of products, including multi-layer steel gasket, exhaust manifold gasket, rubber molded gasket, cylinder head gasket, gasket with electrical controls, edge molded gasket and heat shield. It also offers a range of products, including kingpins, gear blanks, housing and yoke shafts, power transmission parts for hybrid and electric drive, and vehicle structural parts. Its auto component has its presence across automobile categories in two-wheelers, passenger vehicles, commercial vehicles and farm equipment. It offers manufacturing capabilities, including three-dimensional (3D) modeling, dies and tool design, and 3D design. Its gasket manufacturing facilities are located in Faridabad, Haryana; Pune, Maharashtra, and Sitarganj, Uttarakhand. Its forging manufacturing facilities are located in Bawal, Haryana. Source Bloomberg
NSE:TALBROAUTOLong
by Peaceful-Weekend-Investing
NSE NIFTY hits all-time high I am thrilled to inform you that the NSE Nifty has achieved a remarkable milestone. It hit a new all-time closing high on Friday, driven by heavy buying in IT counters and fresh foreign fund inflows. Isn't that fantastic? The market is buzzing with positivity and optimism, and there couldn't be a better time to consider taking a long position on the NSE Nifty. With the IT sector showing strong growth and foreign funds pouring in, the Nifty has been on an upward trajectory. This presents an incredible opportunity for traders like you to capitalize on this momentum and potentially reap significant rewards. By going long on the NSE Nifty, you stand a chance to benefit from the continued bullish sentiment and its positive impact on your portfolio. So, why wait? Seize this moment and consider taking a long position on the NSE Nifty. With the market's current upbeat tone, it's an ideal time to ride the wave of success and potentially maximize your profits. Don't let this opportunity slip away - take action now and position yourself for success.
NSE:NIFTYLong
by bryandowningqln
GABIEL - Looking for Target 150+Gabriel -- Above 50/100/200 EMA's Good volumes on daily basis Add to watch list - any reversal in CNXAUTO -- will see from 120 to 150 in short period . Gabriel is on of the leader for supplying shock absorbers to majority of 2 wheeler manufacturers. It has good market share. And also recently Promoters increasing their holding from 52 to 55% QoQ - increase in sales 36% Past 3Q -- increasing Revenue Company with Low Debt -- Please do own research before investing.
NSE:GABRIELLong
by rvc8280
ZEE LTD - Complete Technical AnalysisHi Traders, We have a mixed opinion on this stock, but will definitely add to our watchlist. The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend. The stock price is approaching key resistance point at 209.50, which came in confluence with the inner trendline. A break of this trendline can result in price testing the outer trendline. The golden zone is between 239 - 268.50 which can play as a resistance zone. We can expect 300 levels on this counter by mid 2021, if we get a break of the outer trendline. On a short term perspective, how the price reacts at 209.50 and the inner trendline will be a decision maker. For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis . Pls Like and follow. Happy Trading.....
NSE:ZEEL
by Hari_krishnan_S_Kumar
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