Your script will run at 21:50 every day.
See the file formats manpage for crontab:
$ man 5 crontab
The line parts before the command for your crontab are: (Below is from the manpage.)
The time and date fields are:
field allowed values
----- --------------
minute 0-59
hour 0-23
day of month 1-31
month 1-12 (or names, see below)
day of week 0-7 (0 or 7 is Sun, or use names)
A field may be an asterisk (*), which always stands for "first-last".
And you will see this example even further below: (Below is also from the manpage.)
# run five minutes after midnight, every day
5 0 * * * $HOME/bin/daily.job >> $HOME/tmp/out 2>&1
man
is your friend.