india may retrace from weekly time frame resistance, also made rejection at top, currently at important fibonacci level, RSI Divergence also negative.
Short once price touched 515.65....tgt 500 - 484.4
BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY
Ascending triangle breakout
1 THIS IS FOR ONIY EDUCATION 2 WHEN TREND LINE BREAK TAKE ENTRY TARGET T1 463.5 T2 454.5
Education Purpose Only Support and Resistance + Channel No Suggestion for any trade. Do your own analysis before any execution.
Many 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...
Short Term Cash Buy CUMMINSIND @410.50-412.50 SL 394.70 TGT 442
13 May 2020 INSTRUMENT: CUMMINSINDIA TIME FRAME: I HOUR OTHER TIME FRAMES FOR CONFIRMATION: 1 HOUR & 2 HOUR. INDICATORS AND THEIR TRENDS: PSAR: Bearish STOCHASTICS: Bearish SUGGESTED TREND: Bearish Technical levels CMP: 19618 Sell below: 361.10 SL: 364.75 TARGET 01: 360.25 TARGET 02: 358.81 My analysis of CUMMINSIND is expected to continue its downtrend for...
Instrument: CUMMINSIND Time frame: 4 hours indicators: Stochastics: bearish PSAR: bearish My analysis: Expecting CUMMINSIND to gap down / sink to 371 - 354 on Monday. Once it starts retracing back upwards would like to buy above 366 to 371 keeping the so below the low of the day for targets 379 - 386. RISK DISCLOSURE: Technical analysis of FOREX and INDIAN...
there is bullish divergence on daily time frame with falling wedge so expecting a bearish test to that downtrend line placed above it.
CUMMINSIND (Cummins India Ltd) SELL BELOW 535
CUMMINSIND (Cummins India Ltd) BUY ABOVE 575
# Short Term Positional Cash Buy above 775, SL 729 Targets 800-820-840 # SwingRev * For education purpose only