Cummins India Ltd – Re-accumulation Breakout on Watch
CUMMINSIND
📈 Pattern & Setup:
Cummins India is setting up for a potential breakout from a strong re-accumulation zone. After multiple shakeouts, the stock is showing renewed strength near its previous resistance around 3980–4000.
The structure reflects quiet institutional accumulation — every dip is being absorbed with buyers stepping in at higher levels. The price is now coiling tightly below resistance, hinting that a decisive move may be close.
A strong close above 4010 with expanding volume could signal the start of a fresh rally toward new highs.
📝 Trade Plan:
Entry: Above 4010 (breakout confirmation)
🚩Stop-Loss: 3860 (below recent higher low)
🎯Targets:
Target 1 → 4300
Target 2 → 4620 (17% potential move)
💡 Pyramiding Strategy:
1. Enter with 60% position on breakout above 4010
2. Add remaining 40% above 4100 after volume confirmation
3. Trail stop-loss to 3950 once the price sustains above 4200
Keep Learning. Keep Earning.
Let’s grow together 📚🎯
🔴Disclaimer:
This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
CUMMINSIND 📈 Pattern & Setup:
Cummins India is setting up for a potential breakout from a strong re-accumulation zone. After multiple shakeouts, the stock is showing renewed strength near its previous resistance around 3980–4000.
The structure reflects quiet institutional accumulation — every dip is being absorbed with buyers stepping in at higher levels. The price is now coiling tightly below resistance, hinting that a decisive move may be close.
A strong close above 4010 with expanding volume could signal the start of a fresh rally toward new highs.
📝 Trade Plan:
Entry: Above 4010 (breakout confirmation)
🚩Stop-Loss: 3860 (below recent higher low)
🎯Targets:
Target 1 → 4300
Target 2 → 4620 (17% potential move)
💡 Pyramiding Strategy:
1. Enter with 60% position on breakout above 4010
2. Add remaining 40% above 4100 after volume confirmation
3. Trail stop-loss to 3950 once the price sustains above 4200
Keep Learning. Keep Earning.
Let’s grow together 📚🎯
🔴Disclaimer:
This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TrendX INC
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.