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Prem_Agrawal
Dec 8, 2019 4:00 PM

SHORT CUMMINSIND Short

CUMMINS INDIANSE

Description

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.......

Trade closed manually

SQUARE OFF THIS TRADE AS WE ARE CURRENTLY HAVE NET LOSS OF RS 6.8
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