Cummins India - Hammer with massive volume in Accumulation phase

May 30, 2021

Cummins India seems to be in accumulation. The price formed a hammer on 200 moving averages and took liquidity from the previous support zone. The volume expansion was massive but the market structure is still Bearish. It's too early to say about the follow-up but it would be a good ambush entry if someone is willing to take the risk.

Targets: 805, 865, 922.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S:This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Jun 7, 2021

Note

Target 1 Reached

Jul 5, 2021

Note

Target 2: Reached ✅✅