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johntradingwick
May 30, 2021 1:06 PM

Cummins India - Hammer with massive volume in Accumulation phase Long

CUMMINS INDIANSE

Description

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, 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.

Comment

Target 1 Reached

Comment

Target 2: Reached ✅✅
Comments
joeyfreako
Hi buddy, i think 920 will be taken out within June or July Max
johntradingwick
@joeyfreako, Yes maybe. Depends on the market.
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