Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1355.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
Yesterday Cummins India broke the short term support zone and today tested that price, shorting here at 1330.5 for a target of 1271 with stop 1339. RR is very good for this trade.
levels are mentioned on the chart.
Disclaimer: I am not SEBI registered, please consult your FA before investing.
CUMMINSIND - Short
Analysis done on 2 hours time frame.
A bullish (M) Gartley pattern can be formed.
Book 2/3 profit at PRZ and wait for reversal candle or breakdown.
#CUMMINSIND last trading session formed bearish patern,
yesterday traded our retracement area 935-950.
we can go sell@935 and tgt 900-885.
once break our resistense level, it will move higher in
comming trading session.
- Stock is forming in the descending channel pattern
-Stock break and sustain above 850 Next level to 870/900 levels OR
Stock break and sustain below 815 Next level to 780/750 levels
