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CUMMINS INDIA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong resistance around 709 its previous top, Cummins India will favor bulls once it closes above 709. (Updated On 01st September 2014, Monday).


CUMMINS INDIA





  • As per previous report published on CUMMINS INDIA stock has shown up move after breaking its resistance @ 688 and stock touched its next resistance @ 705, as mentioned in our previous report. (Click here to see previous report published in CUMMINS INDIA).
  • Now current chart indicates that stock is still moving in its up channel formation, so as long as stock moving in its channel formation it will be favored by bulls, sharp weakness expecting once Cummins comes out from its channel formation.
  • As per technical graph no2, stock is trading above its 20 days moving average and if holds above 20 DMA then stock will test its upper bollinger band resistance. But once stock closes below 20 DMA it will show first sign of weakness. Close Watch.
  • Daily chart also indicates that stock 100 DMA is playing an imp. role in CUMMINS India, from last 5 times stock took 100 DMA support and bounced back, so as long as holds above 100 DMA, short-long term traders are on safer side, but once closes below 100 DMA then a caution signal for long-short term trades. And on upper side stock will find strong trend line resistance around 709, if closes and holds above 709 then Cummins will be again in bulls hand and sharp up move will be expecting as long as holds above 709.
    • Intraday Share Tips - Close watch when Cummins (I) starts trading above 709, if holds above 709 during stock market hours then intraday bulls action is expecting.
    • Suggested Article - NSE trading holidays list for 2014.
  • As per graph no4, if stock moves up and closes and stays above 709 then Cummins (I) will find next strong resistance around 780 its 161.8% fibonacci retracement.
  • Click here to see all the free trading reports (tips) published by us on CUMMINS INDIA.
  • Free tips on share.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.