Cummins India Ltd – Strong Accumulation Setup | Breakout Trade

7 Mei

⚙️ Cummins India Ltd – Strong Accumulation Setup | Breakout Trade or Buy-on-Dip Opportunity
🔍 Stock Overview & Setup Rationale
Cummins India Ltd, a leader in industrial engines and power solutions, has corrected ~40% from its all-time high and is currently forming a classic breakout setup after smart money-style liquidity grab.

✅ Key Observations:

Price has tapped a major Weekly Point of Interest (POI) — indicating institutional attention.

Liquidity sweep is visible on both daily and weekly charts — stop-losses have been triggered, hinting at accumulation by stronger hands.

13-day consolidation between ₹2,973 and ₹2,800 shows a clear base-building pattern.

This setup gives two types of trade entries depending on market reaction.

🔁 Two Trade Scenarios – Plan Your Entry Like a Pro
🔹 Entry Type 1 – Breakout Entry (Momentum Trade)
▶️ Wait for a 15-min or 1-hr candle close above ₹2,973
🔸 This confirms breakout from the tight range and signals higher high formation

Element Level
Entry Breakout above ₹2,973
Stop-Loss ₹2,800 (range low)
Targets ₹3,094 → ₹3,240 → ₹3,405 → ₹3,690

🔹 Entry Type 2 – Buy on Dip (Safer Risk-Reward Entry)
▶️ If the breakout fails and price pulls back to ₹2,790–₹2,715 zone, this is a strong re-entry opportunity
🔸 Price would be retesting the demand zone after fakeout/liquidity collection

Element Level
Entry ₹2,790–₹2,715 zone
Stop-Loss ₹2,580 (recent swing low)
Targets Same: ₹3,094 → ₹3,240 → ₹3,405 → ₹3,690

📈 Analysis Summary – Step-by-Step
Price corrected ~40% from top and has now tapped into a strong weekly demand zone.

There’s visible liquidity sweep (GRB) on both daily and weekly charts, suggesting smart money is active.

Current sideways consolidation (13 days) between ₹2,973–₹2,800 indicates a base formation.

A breakout above ₹2,973 could trigger new trend highs with multiple swing targets.

If it pulls back to ₹2,790–₹2,715, the zone offers an ideal buy-on-dip opportunity.

In both cases, well-defined stop-loss and risk-reward ratios make it a compelling trade idea.

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31 Mei

Dagangan ditutup: sasaran tercapai

🎯 Target Achieved – Cummins India Ltd. ⚙️🔋
✅ Massive Move After Breakout – Swing Targets Reached!

🔍 Analysis Recap:
Stock: Cummins India Ltd

Sector: Capital Goods / Engineering

Previous High: ₹4,393

Correction: ~40% from top

Trade Setup:

Entry Type 1: Breakout above ₹2,973–₹2,800 (13-day consolidation range)

Entry Type 2: Pullback Entry Zone: ₹2,790–₹2,715

Stop-Loss (Type 1): ₹2,800 Low

Stop-Loss (Type 2): ₹2,580 (Previous swing low)

Targets Planned:

🎯 Target 1: ₹3,094 ✅

🎯 Target 2: ₹3,240 ✅

🎯 Target 3: ₹3,405 ✅

🔜 Next Zone to Watch: ₹3,690++

📈 Performance Summary:
Target Achieved Price % Return (from ₹2,800)
Target 1 ₹3,094 ✅ +10.5%
Target 2 ₹3,240 ✅ +15.7%
Target 3 ₹3,289 (High) ✅ +17.4%

⏳ Time Taken: Approx. 2 weeks

📊 Trade Type: Swing / Positional

✅ Confirmed structure: Breakout + Retest + New HH (Higher High)

🧠 Why This Trade Worked:
✅ Weekly POI (Point of Interest) tapped after 40% correction

✅ Liquidity swipe below key levels (daily + weekly)

✅ Strong accumulation zone formed

✅ Clear breakout after 13-day consolidation

✅ Follow-through volume confirmed strength

🔍 What’s Next?
📍 Trail Stop-Loss to ₹3,100 if holding partials

🔄 Wait for retracement towards ₹3,000–₹2,950 for fresh entries

🧭 Above ₹3,405, we’ll track for move toward ₹3,690–₹3,850

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