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CUMMINSIND

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 ---------------------------------------------------------- Support : 392 and 380 Breakdown : 398 CMP : 409 Breakout : 413 Short Target : 420 (Very Strong Resistance) and 427 ---------------------------------------------------------- Negative Point: 1) Stock's Relative Strength is decreasing in Benchmark and Sectoral both index 2) Stock is treading below 100EMA and 200EMA. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:CUMMINSINDLong
by singajai
CUMMINSINDIA ::: SHORT13 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 some time now. On day time frame Stochastic & PSAR have confirmed the bearish trend. The Bearish trend is confirmed in 1 HOUR & 2 HOUR time frames. If it closes below 358.81 on the end of day time frames we may also see 349.50 to 346.30 levels also RISK DISCLOSURE: Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NSE:CUMMINSINDShort
by ajithchand-bhandaari
CUMMINSIND GAP DOWN AND BOUNCEInstrument: 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 MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NSE:CUMMINSIND
by ajithchand-bhandaari