NeeteshJain
Short

Cummins India - Breaks Crucial Support Zone

BSE:CUMMINSIND   CUMMINS INDIA LTD.
It is been observed on the daily chart that the price action breaks below the important and crucial support zone indicating further weakness in the stock. Now, if it closes below 880 levels today then It shall now further dip down from current levels.

Target 1: 860

SL: 900
Trade active
Trade active
Trade closed manually
did your stop loss trigger or you have revised it ?
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@shiv2798, It is true that I could not able to update the trade setup timely, but as per the current situation, the price action is trending down until it goes above 940-50 levels which will be a trend changer from a down to uptrend. For now, it is consolidating in a 50 points range between 930 - 880 levels, once it breaks any of the upper or lower level of the range then it shall further take direction for the price movement. I shall surely update once it breaks the range. Thanks for pointing out.
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Snapshot of Future 15 min Candle Chart. Watch Volume of last 2 candle is it BULLvolume or Short Covering.

https://www.awesomescreenshot.com/image/2732652/932c49ae38b34649709748d81ab87321
+1 Reply
@DSKF16, Yes, it is interesting. Closing of Today shall further decide the movement. Thanks for sharing.
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DSKF16 NeeteshJain
@NeeteshJain, agreed, some oscillators Suggest Range Bound trading, if Market retain in +ve.
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