After so long I got some Bullish pattern, and it will try to hit the respective target by March 2019. ( +-2 months) some good Bullish pattern is there in Cummins India, Trader who use to take a trade for a time frame of 3-5 months can easily buy this.

There are 2 Bullish Reasons for this Cash trade.

  1. Inverse Head & Shoulder.
  2. Breakout from Lower Low and Lower High.

Inverse Head & Shoulder is always a powerful pattern in Technical Analysis,  you just have to confirm some conditions of formation and wait for confirmation. As per the chart, Breakout from Inverse Head & Shoulder already done.

We have to wait for the price to come near to 800-820 levels, then we can enter this for a target of 940-980 levels.

How to confirm good IH&S pattern with proper Confirmations you can easily learn in my Techincal Class there are 100’s of pattern form on daily basis, but which one to use, that matter the most in trading.

Lower Low- Lower High is another Bullish pattern if you ask how much powerful is this, then I will rate 8 out 10. on the top IH&S is always there.

You can trade with LL-LH in any time frame whether 1 hour, 30 min, 1 day or 1 week if you track perfect points then yes it will show you a good result. 

Both  Bullish pattern showing Breakout at Rs 820-800 for a target of a minimum of 940-980, stop loss of safe trade is 725 for risky trader stop loss is 645. How to calculate Target & Stop loss for both safe and risky trader available in my Technical Class. 

So one can take trade in Cummins India near 820-800 levels and can hold for 14% upside target of 940.

 

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Founder at CityInvest. Focused on Technical Analysis, 10 years Market experience, I'm Always learning and love to help, say hi!

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