johntradingwick

Cummins India - Hammer with massive volume in Accumulation phase

Long
NSE:CUMMINSIND   CUMMINS INDIA
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.
Comment: Target 1 Reached

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Comments

Hi buddy, i think 920 will be taken out within June or July Max
Reply
@joeyfreako, Yes maybe. Depends on the market.
Reply
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