CUMMINSIND: Set to Surge for Options Play?

🛡️ Price: Around **2808 INR** (currently) – Consider scaling in if it reaches the **Retracement Zone of 2750-2720 INR.**

🎯 Target: **3138-3150 INR** (Target Zone for Options Trades)
🛑 Stop-Loss: **Hourly close below 2720 INR**


🤔 Why this trade?
✅ Approaching retracement zone – potential strong support.
✅ Potential for a good Risk/Reward.

💡 Pro Tip: The chart shows a clear downtrend followed by a retracement. If the price consolidates within the retracement zone and shows **bullish divergence** on indicators like **RSI** or **MACD**, it could signal a potential reversal. **Watch for a break above the short-term downtrend line** for additional confirmation before entering.

⚠️ Risk/Reward Calculation (Example - You MUST calculate your own based on YOUR entry):

Let's assume entry at **2750 INR** (top of the retracement zone) and the defined stop-loss of **2720 INR**:

🔹 **Potential Gain (using midpoint of target zone):** 3144 - 2750 = **394 INR**
🔹 **Potential Loss:** 2750 - 2720 = **30 INR**
🔹 **Risk/Reward Ratio:** **394 / 30 = Approximately 13.13:1**

📢 Important:
🚨 This is just an idea, **not financial advice.**
⚠ **Trading has risks – you could lose money.**
🧐 **Do your own research before making any trades.**

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