CUMMINSIND is trading at Price Action S/R Zone.
We can go long at 925+ [ if breakout occurs with bullish sentiment ].
Entry at 925
T1 - 935
T2 - 945
T3 - 960
T4 - 983
Break Out Retest.
Above 23.6% Fibbo Levels.
EMA Support.
Positional View For January Series.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
Happy New Year 2018.
CUMMINSIND rose with good volumes but was not able to break the trendline. Bears pushed it down and closed it at S/R level. Bears seemed to have taken the control and plan to push it down.
We need 2 strength candles, current 1st is in making
CCI(D)>100
CCI(W) in Sell hold
This will
Activate TGC (EMA alignment)
Confirm the reversal
The next candle must close > 912 with strength
NSE:CUMMINSIND has been consolidating in the range of 870 to 950 for past 4 months.
Today (27th October) there is a sudden surge in the volume and price come to the low of 870 and raised to close at 912.
One can go long above 954
T1 - 986
T2 - 1049
SL - 900
NSE:CUMMINSIND
Target of 840 820 in the coming days. Since it has breaken the channel, it is safe to assume that share was being distributed at these levels till now and have started moving lower now.
