Swing Opportunity in Cummins India
Go Long above 866 for Targets of 914 and 962 with SL 818
Reason to go Long :
1. The stock was in an uptrend earlier and then it was trading in a channel. The stock gave a breakout with good volume. Now it can continue its previous trend (uptrend).
2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
Reason to go Long :
1. The stock was in an uptrend earlier and then it was trading in a channel. The stock gave a breakout with good volume. Now it can continue its previous trend (uptrend).
2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
Trade active
Entry triggered on 28 June 2021Trade closed: target reached
Target achieved on 03 August 2021Trade closed: target reached
Target 2 achieved on 12 Aug 2021
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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.