Hi
This is for a short term buy.
It seems Cummins India is a short term buy above 564.80, with a SL of 544 and targets around 600/620.
The Risk Reward ratio is around 1:2 & 1:3.
MACD is showing divergence on daily chart and has given a buy signal.
RSI is nearby 50 and is in with sync with the up-moves as of now.
So with this small SL in mind, we can initiate longs.
This is for a short term buy.
It seems Cummins India is a short term buy above 564.80, with a SL of 544 and targets around 600/620.
The Risk Reward ratio is around 1:2 & 1:3.
MACD is showing divergence on daily chart and has given a buy signal.
RSI is nearby 50 and is in with sync with the up-moves as of now.
So with this small SL in mind, we can initiate longs.
Operación activa:
Trade got active few days back.
Has not yet hit the SL.
So still the target can be reached.
MACD is looking good to go long.
Has not yet hit the SL.
So still the target can be reached.
MACD is looking good to go long.
Comentarios:
Looking at todays close, we can expect a good rally in coming days. SL still is the same(544).The Chart looks more bullish now. The targets of 600/620 might come very fast.