CUMMINS INDIA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong trend line resistance at current levels, will favor bulls once stock closes above its recent high @ 718, Till then Cummins (I) can see some correction. (Updated on 09th September 2014, Tuesday).


  • As per previous report published on CUMMINS (I), stock has shown intraday bulls action by breaking its resistance @ 709. After breaking its resistance @ 709 stock made an high @ 718, but failed to closed above its resistance @ 709. (Click here to see previous report published on CUMMINS (I)).
  • As per current stock analysis chart no1, stock is still moving in a up channel formation, so long as it moved in its channel patter bulls will be favored, and on upper side Cummins will find strong resistance around 718 its recent high. Once Stock closes above 718 and stays above then further strength is expecting for next few trading days.
  • As per technical graph no2, stock is trading above its 20 days moving average as long as stock holds above bull will dominate in Cummins (I). But once stock closes below 20 DMA it will show first sign of weakness. Close Watch.
  • Technical chart no3 also indicates that 100 DMA is also playing an important , from last 5 times stock bounced back from 100 DMA, as long as stock holds above, short-long term traders will be favored. 
  • As per chart no4, If stock moved up from current levels and closes and holds above 718 then will find next strong resistance around 780 its 161.8% fibonacci retracement.
  • But if Cummins (I) falls from current levels then close watch on fibonacci retracement support zone around 686, 667, 653 and 636 as shown in chart no5.
  • Click here to see all the free trading reports (tips) published by us on CUMMINS INDIA.
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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