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.
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
Comment:
Target 2: Reached ✅✅
Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView
✅ FREE Telegram Channel 👉 https://t.me/johntradingwick
✅ Trading Blog 👉 https://tradingwick.in/
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView
✅ FREE Telegram Channel 👉 https://t.me/johntradingwick
✅ Trading Blog 👉 https://tradingwick.in/