SHORT CUMMINSIND
Short CUMMINSIND as it has formed an Engulfing Candlestick Pattern which has Engulfed previous 2 Candles
The Candle is also similar to Bearish Marubozu which show high confidence of Bears
Pivot Point's Support 1 is also penetrated
The Trend line is about to get broken and we may see a good penetration of that trend line as Bollinger Band is expanding
RSI is at 31 level which shows it's ready to go into the oversold zone.
This trade has a very high probability of hitting its target.
Happy Trading.......
The Candle is also similar to Bearish Marubozu which show high confidence of Bears
Pivot Point's Support 1 is also penetrated
The Trend line is about to get broken and we may see a good penetration of that trend line as Bollinger Band is expanding
RSI is at 31 level which shows it's ready to go into the oversold zone.
This trade has a very high probability of hitting its target.
Happy Trading.......
Trade closed manually
SQUARE OFF THIS TRADE AS WE ARE CURRENTLY HAVE NET LOSS OF RS 6.8
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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.