⚙️ 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.
📢 Don’t Miss Out!
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🔍 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.
📢 Don’t Miss Out!
✅ Follow me for more smart money-based, breakout, and swing trade ideas!
👍 Drop a like if you found this analysis helpful and comment your views or charts.
💬 Let’s discuss in the comment section — see you there! 🚀📊
🙏 Thanks for your support. Let’s trade smart and grow together!
Trade closed: target reached
🎯 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
📢 Don’t Miss Out!
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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.
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.