I am posting it, on request from one of the follower.
1)On Weekly Time frame: We can see that now 1000 level is very very critical level.
And on the upper side it has a resistance Zone: 1045 to 1065.
And in coming days if it takes support from it and breakout 1045-1065 reistance range then it will start upmove again.
1. long zone price movement
2 .right time short trade available only
rising wedge pattern support line break and healthy confirmation retracement also done
3.bearish engulfing candle formed go to down support line
4. suppose break the primary trend support line 100% u can heavy fall
Cummins 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,...