13 May 2020
INSTRUMENT: CUMMINSINDIA
TIME FRAME: I HOUR
OTHER TIME FRAMES FOR CONFIRMATION:
1 HOUR & 2 HOUR.
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
Technical levels
CMP: 19618
Sell below: 361.10
SL: 364.75
TARGET 01: 360.25
TARGET 02: 358.81
My analysis of CUMMINSIND is expected to continue its downtrend for some time now. On day time frame Stochastic & PSAR have confirmed the bearish trend. The Bearish trend is confirmed in 1 HOUR & 2 HOUR time frames. If it closes below 358.81 on the end of day time frames we may also see 349.50 to 346.30 levels also
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.
INSTRUMENT: CUMMINSINDIA
TIME FRAME: I HOUR
OTHER TIME FRAMES FOR CONFIRMATION:
1 HOUR & 2 HOUR.
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
Technical levels
CMP: 19618
Sell below: 361.10
SL: 364.75
TARGET 01: 360.25
TARGET 02: 358.81
My analysis of CUMMINSIND is expected to continue its downtrend for some time now. On day time frame Stochastic & PSAR have confirmed the bearish trend. The Bearish trend is confirmed in 1 HOUR & 2 HOUR time frames. If it closes below 358.81 on the end of day time frames we may also see 349.50 to 346.30 levels also
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.