CUMMINSIND ::: NEUTRALINSTRUMENT: CUMMINSIND
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
1HR, 2HR, 3HR, 4HR, DAY & WEEK
INDICATORS AND THEIR TRENDS:
PSAR: BEARISH
STOCHASTICS: BULLISH
SUGGESTED TREND: SIDEWAYS
END OF DAY PRICE ACTION SUGGESTS BEARISH TREND
CMP: 377.50
SELL BELOW: 372.88
SL: 373.92
TARGET 01: 370.30
TARGET 02: 369.14
My analysis is that CUMMINSIND is expected to stay in a sideways trend for some time. Very good jobbing opportunity in this counter. Expecting it to bounce around 368.35 to388.35. A trend can be established only after a breakout of either of the levels. On the monthly time frame, this counter is expected to be bullish only above 395.50.
RISK DISCLOSURE
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
