CUMMINSIND - NARROW RANGE IN A DESCENDING CHANNEL

CUMMINS INDIA #CUMMINSIND

- MOVING IN AN EXTREMELY NARROW RANGE AND IN A DESCENDING CHANNEL.
- TAKING RESISTANCE FROM 400EMA.

INDICATORS:
- RSI IS NEAR 25-LEVEL AND IS BEARISH
- CVD IS NEGATIVE
- TT2 TREND IS BEARISH IN 30MINS AND DAILY TF

COMMENTS:
1. BUY ABOVE 400
SL 400EMA OR 388
TGTS 100EMA/410/415

2. SELL BELOW 388
SL 400EMA
TGTS 388/380/371

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.