Fundamentals & Valuation:
Current market price is ₹3,994.
Intrinsic value at ₹1,887.93 – the stock is trading at 52% premium to fair value.
Median value models ~79% overvaluation compared to fair price.
Recent Street price targets point to possible downside (one-year average ~₹3,803; lowest forecast ₹2,626)
Technical Analysis:
Bearish 20-day EMA crossovers historically precede short-term corrections (avg. -2.74% within 7 days after the signal).
Diminished volume and recent price declines support near-term caution.
For active traders:
Support levels: ₹3,531 and ₹2,966 - Resistance level: ₹4,096
CumminsIND is overvalued at current prices, with multiple indicators pointing to correction risk. Both fundamental and technical signals urge caution; downside up to fair value can be considerable. Watch the above support and resistance for potential trading opportunities.
Disclaimer: tinyurl.com/59ypbsrh
Current market price is ₹3,994.
Intrinsic value at ₹1,887.93 – the stock is trading at 52% premium to fair value.
Median value models ~79% overvaluation compared to fair price.
Recent Street price targets point to possible downside (one-year average ~₹3,803; lowest forecast ₹2,626)
Technical Analysis:
Bearish 20-day EMA crossovers historically precede short-term corrections (avg. -2.74% within 7 days after the signal).
Diminished volume and recent price declines support near-term caution.
For active traders:
Support levels: ₹3,531 and ₹2,966 - Resistance level: ₹4,096
CumminsIND is overvalued at current prices, with multiple indicators pointing to correction risk. Both fundamental and technical signals urge caution; downside up to fair value can be considerable. Watch the above support and resistance for potential trading opportunities.
Disclaimer: tinyurl.com/59ypbsrh
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.