CUMMINSIND trade ideas
Cummins - Bullish tradeStock is in uptrend, i.e. making higher highs and higher lows.
Made rounding bottom patterns, gave a breakout from symmetrical triangle pattern and finally cracked 2018 highs.
Stock did a retracement with market correction, took support from first support level and looks like a good buy at CMP. Add more units when price breaks 1045 on higher side, Stock has potential to touch 1200 and make new highs in next 6 months timeframe.
Cant see any near by stop loss, I don't think stock will go below 850-900 levels in normal market conditions.
Buy CUMMINSINDStock gave breakout from descending triangle pattern!
Can be bought @cmp for target of 1065.
Take SL at 840.
R:R is 2.22 if bought at 910.
CumminCummins broke out of descending channel on an hourly + daily charts with good volumes.
Could be bought with mentioned stoploss & targets
CUMMINS INDIA is best stock for intraday 25/3/2022CUMMINS India stock is best sock for intraday on 24 March
the stock has crossed its resistance and it has taken support
therefore, you can try this stock and earn high returns upto 2-5%
😀😀
Cummins India Ltd.*Cummins India Ltd.*
Cup & Handle Pattern: Weekly/Monthly Basis
Rectangular Consolidation BreakOut
Price BreakOut/Volume Consolidation & Now Built-Up
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Co. is part of Cummins Inc. Group USA. Designs, manufactures, distributes and services diesel and alternative fuel engines.
Demand outlook is improving across end markets. Pent-up demand
expected to play out for a few months.
Started building prototypes for hydrogen application and is participating in Govt. tenders.
Improving Qtrly Sales/ Yrly Sales improving on TTM Basis.
Stable/Improving Profitability.
Low Equity. Strong TNW. Negligible Debt. High C&CE.
Strong Ops. Cash Flows. Stable WC Cycle. Double Digits RoA/RoE/ROCE
FII stake increasing since Sep'20.
Dividend Paying Co.
*Concern:*
High PE. DII Stake reduced.
Supply chain constraint related to semi-conductors is still impacting revenues
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
CUMMINSINDNSE:CUMMINSIND
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Cummins BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
STOCK ANALYSIS CUMMINS INDIA FOR 15 DAYSGood evening friends we are today sharing our view on Cummins India and its bullish above 1000 level can show good move i.e. 100+ points move in 15 days. for detailed analysis kindly watch video and provide feedback.
Regards.
Cummins IndiaCumminsind is trading above its strong support zone of 918-920 & also trading above its 50% fib retracement levels of 935.95.
Buy with mentioned stoploss & target & revised target of 990.
Cummins India ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish, so take positions carefully.
CUMMINS IND 1D TFBreaking the trendline as well as previous resistance zone.
Good to enter at this point.
SL :- 920
Target :- 1064+
R:R :- 1:1.3
CUMMINS INDIA looks goodLevels and reasons on charts.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
CUMMINSIND AnalysisReasons to Trade: 1.Ascending Triangle Pattern(Bullish)
2.Long Buildup
3.RSI>60(Strong Momentum)
Resistance Zone: 992-996
Upside Targets: 1000,1009
Support Zone:985-987
Downside Targets:976.8,969.8
Cummins IndiaCummins made butterfly pattern & also broke out of strong resistance zone of 965.
Could be bought here with mentioned stoploss & target.
Cummins IndiaCummins breaking off resistance with decent kind of volumes.
Buy with mentioned sloss & tgt.
Broke It's Major ResistanceIt has crucial resistance @940. Since it has broken this level, there is a probability that stock might go up.
Target and Stop-loss are mentioned in the chart.
"Note: Above Ideas are for study purpose only, Please Consult your financial advisor before taking any position"
CUMMINSINDNSE:CUMMINSIND
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Cummins 15min chart Ascencding Triangle 07 Dec 2021Cummins 15min chart forming a Ascencding Triangle pattern. Watch out for breakout. 07 Dec 2021
CUMMINS INDIA SWING TRADECummins has consolidated for long 2months now and a strong chance of upside breakout awaits as the tredline has been respected. So buy above 935 for target of 1100. Follow the channel pattern.
