Cummins
CUMMINSIND | On the verge of CUMMING 💡 💡
Looks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Short Opportunity in CumminsIndOn 4hr tf a falling wedge pattern broken and in 1hr tf the rising channel pattern seems to be broken on the downside which could possibly mean that the stock is ready for a retest at the 4hr tf falling wedge pattern's upper trendline and then continue it's uptrend. Below 830, the levels of 820 and 816 can be seen. If a big momentum candle closes below the trendline then a downward till 800 is possible.
Cummins India - Hammer with massive volume in Accumulation phaseCummins 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.
What would be Cummins Next Move?The stock is taking support from the blue trend line and expected to take a bounce towards 930 levels. In case it breaks the trend line, then we may see 750-760 zone soon.
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InvestPro India Team