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CUMMINS INDIA LTDCUMMINS INDIA LTDCUMMINS INDIA LTD

CUMMINS INDIA LTD

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CUMMINSIND trade ideas

CUMMINS INDIA - FALLING WEDGE BO DONEFalling Wedge Breakout: A bullish reversal pattern. The breakout confirms trend reversal and renewed buying interest. 10 EMA crossing above 20 EMA: Indicates a bullish crossover, often an early signal of a strong uptrend. RSI > 60 (Currently 62.82): Signals strong bullish momentum. Above 60 is typically considered high strength, with room to rise before becoming overbought. Volume Confirmation: Breakout supported by above-average volume, validating the strength of the move. Trade Setup Suggestion: Entry: CMP ₹3537 (post-confirmation breakout) Stop Loss (SL): ₹3200 (below wedge support/EMA zone) Targets: Short-term: ₹3750–₹3850 Medium-term: ₹4000+ (Previous highs)
NSE:CUMMINSINDLong
by PowerOfTA
Ye Chart kuch kehta hai - Cummins IndiaBased on the weekly chart technical analysis, Cummins India stock appears ready for a breakout due to several factors: Formation of a Falling Wedge on Weekly Chart: The stock is showing a falling wedge pattern, which is typically a bullish reversal pattern signaling a potential breakout to the upside. Consolidation and Breakout from Rectangular Range: Cummins India has been consolidating within a rectangular range for several months and has recently shown strong upward momentum with a breakout above the upper trendline of this consolidation box on the daily chart, which often precedes a sustained move higher. Key Technical Indicators on Weekly Chart: RSI is around 50.58, indicating neutral momentum but room to move higher before becoming overbought. Rate of Change (ROC) is positive at 11.69, suggesting increasing momentum. ADX is at 23.92, indicating a developing trend strength which can support a breakout move. Parabolic SAR is mildly bullish, supporting an upward price move. Volume Confirmation: The breakout is expected to be accompanied by increased trading volume, which adds conviction to the breakout move. Target Price and Resistance Levels: The potential target after breakout is around ₹3735.70, derived from the range of the consolidation box added to the breakout point. There is an intermediate resistance near ₹3665 that the stock might test before moving higher. Trend Context: Despite some bearishness in longer-term moving averages, the short-term and weekly technicals suggest a bullish setup ready to trigger a breakout. In summary, the weekly chart technical basis for Cummins India stock being ready for a breakout includes the bullish falling wedge pattern, breakout from a consolidation range, positive momentum indicators like ROC and ADX, and expected volume confirmation. These factors collectively suggest a strong possibility of an upward breakout in the near term
NSE:CUMMINSIND
by prashant_1209
Trading Idea: Cummins India Ltd (NSE) - Potential BreakoutSymbol:** CUMMINSIND Timeframe: Daily Potential Scenario: Bullish Breakout Observation: The chart shows Cummins India Ltd. (NSE) has been consolidating within a rectangular range (highlighted in purple) for several months. Recently, the price has shown strong upward momentum, breaking above the upper trendline of this consolidation box. Rationale: Consolidation Breakout: Breakouts from established consolidation patterns can signal the resumption of a prior trend or the start of a new one. Increased Volume:The breakout would be accompanied by increased trading volume, lending more conviction to the move. Target Calculation: The annotation suggests a potential target of ₹3735.70 (calculated as the range of the consolidation box added to the breakout point). However, the annotation also mentions a previous strong resistance level at ₹3665, which could act as an intermediate target. Risk Management: Only risk a small percentage of your capital on this trade. Be mindful of overall market conditions and sector-specific news. Adjust your stop-loss as the trade progresses to lock in profits. Disclaimer: This is just a trading idea based on the provided chart and should not be considered financial advice.
NSE:CUMMINSIND
by rcpropatterns
3
CUMMINSIND important Support and resistance levels Support Levels: ₹3,160 – Recent swing low and minor horizontal support ₹3,050 – Strong support zone with previous consolidation ₹2,920 – Major support; gap-fill and breakout retest zone 🔺 Resistance Levels: ₹3,280 – Immediate resistance near recent highs ₹3,350 – All-time high zone; potential breakout level ₹3,420+ – Blue-sky territory if breakout sustains 📌 Trend: Bullish structure intact; watch for breakout above ₹3,350 with volume. Let me know if you want intraday or weekly levels too.
NSE:CUMMINSIND
by SkyTradingZone
Waves Gone Wild: Understanding Complex CorrectionsUntangling the Mystery of Complex Corrections – A Simple Walkthrough Using CUMMINS INDIA Ever wondered why the market suddenly becomes messy and confusing after a big rally? Welcome to the land of Elliott Wave corrections, where things aren't always a straight road—but if you know the signs, you won’t get lost. Let’s break it down using a real chart – CUMMINS INDIA , where we can spot all types of corrections playing out like a drama series. Step 1: Why Do Corrections Happen? Corrections mostly show up in Wave 2 and Wave 4, which come after a strong trend (Wave 1 or 3). The job of corrections is simple – to cool things down before the next move. Step 2: The Simple Ones – Flats and Zigzags Zigzags (Pattern: 5-3-5): Wave A: 5 waves Wave B: 3 waves (does not cross the start of A) Wave C: 5 waves, usually equal to or 1.618x of A Zigzags are sharp and directional – like a quick jab. Flats (Pattern: 3-3-5): All about sideways movement. The B wave often ends near or slightly above/below A’s start – forming what we call expanded flats (hello, double tops and bottoms!) C wave finishes things off with 5 waves. Flats are more chill – like the market catching its breath. Step 3: The Slow Builders – Triangles Triangles are like coiled springs. They’re made of five legs: A-B-C-D-E, all 3-wave moves. These usually show up in: Wave 4 of an impulse Y wave inside complex corrections Think of triangles as the calm before the final push. You’ll often spot them before Wave 5 explodes. Step 4: When One Correction Isn't Enough – Enter WXY Imagine the market says, “One ABC correction? Nah, let’s keep going.” WXY: Two corrections joined by an X wave. W = ABC X = ABC (a connector) Y = ABC again So it’s like: ABC + ABC + ABC Step 5: When Even That’s Not Enough – The WXYXZ Beast Sometimes the market just doesn’t want to move on. So it throws in another ABC. WXYXZ: That’s three ABC corrections, joined by two X waves. If that’s still not enough? (Yes, this happens) The whole mess becomes just Wave W of another larger correction. Fun, right? CUMMINS INDIA – The Perfect Textbook Example In the chart: You’ll see flats, zigzags, triangles, all wrapped inside a giant WXYXZ correction. It spanned months, unfolded in layers, and just maybe, it’s done now. From April onwards, the move looks impulsive (non-overlapping), hinting at a fresh trend. Or… is it just a big Zigzag in disguise? (C = 1.618 × A, remember?) Only time (and maybe a bit more charting) will tell. Final Thoughts There are amazing books, and thousands of charts to study if you’re serious about learning. "Give a man a fish, he eats for a day. Teach him how to fish, he eats for life." Trading is the same. Learn the process. Dont chase the calls. I’m just sharing what I’ve learned with this post. Hope it helps someone out there. Happy charting, and remember— no one is ever 100% right. Stay curious. Stay humble. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSIND
by WaveXplorer
Cummins India Break out stock for 28% Gain Breakout above 200 SMA with Rising volume and positive MACD Divergence Here's my analysis of Cummins India's financials: **Net Profit:** - Net profit for FY 2023-24: ₹2,533 crores ¹ - Net profit for FY 2022-23: ₹2,345 crores ¹ - Net profit for FY 2021-22: ₹1,944 crores ¹ - Net profit for FY 2020-21: ₹1,566 crores ¹ **Yearly Results:** - Revenue growth: 15% CAGR over the last 5 years ¹ - Profit growth: 20% CAGR over the last 5 years ¹ - Operating margin: 15.6% in FY 2023-24 vs 14.5% in FY 2022-23 ¹ - Return on Equity (ROE): 23.1% in FY 2023-24 vs 21.5% in FY 2022-23 ¹ Overall, Cummins India has shown consistent revenue and profit growth over the years. Note : May have open positions in this entity at various price levels.
NSE:CUMMINSINDLong
by Billionaire_Anant
2
Cummins India : Ready to Blast#cumminsind #consolidation #breakout #rangebreakout Cumminsind : Swing / Momentum Trade >> Consolidation Breakout >> Stage 1 Breakout >> Low Risk High Reward Trade >> Good Upside Potential Swing Traders can lock profit at 10% and keep Trailing Please Boost, comment and follow us for more Learnings. Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
NSE:CUMMINSINDLong
by moneyfesttrading
Cummind India | Weekly LevelsStock currently hovering near Weekly Strong support levels, which extends downside upto 2625 As we can see stock is not making new highs but also not making new lows as well There is also a daily strong area merged in the same zone, which can be considered as a good buying zone, with a downside Sl of 2600 (Closing basis) If it manages to hold the mentioned area, then we can see a good upside upto 3250 / 3300 areas Risk to reward ratio looks good Lower time frame confirmation is a must Broader market is bearish as well as chopp, so be cautious
NSE:CUMMINSINDLong
by Vishy5
1
Cummins India Ltd: Evaluating Investment Potential Technical Analysis: Butterfly Pattern and Support Levels Cummins India Ltd has recently formed a butterfly pattern in its stock chart, currently trading with a 30% decline from its recent highs. The stock is finding support around the ₹2900 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Growth: For the fiscal year 2023-2024, Cummins India reported a 16% increase in revenue, amounting to approximately ₹9,000.2 crore. This growth is attributed to strong demand across various sectors, including power generation and industrial applications. Net Profit: The company reported a net profit of ₹1,475 crore, reflecting a robust performance despite facing challenges in the market. This represents a slight decrease compared to previous periods but highlights resilience amid economic fluctuations. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 48.32, which is higher than the sector average of 45.99, indicating that the stock may be perceived as overvalued based on earnings. Debt Levels: Cummins India maintains a very low debt-to-equity ratio of 0.02, showcasing strong financial health and minimal reliance on debt financing. Return on Equity (ROE): The company has reported an ROE of 23.85%, reflecting effective management in generating profits from shareholders' equity. Dividend Yield: Cummins India offers a dividend yield of approximately 1.27%, providing some returns to investors amidst market volatility. Market Capitalization: As of January 2025, Cummins India has a market capitalization of around ₹83,145 crore, reinforcing its position as a significant player in the engine manufacturing sector.
NSE:CUMMINSINDLong
by DragonFly-Trading
“Cummins India at a Crucial Juncture: Breakout or Breakdown?”The stock has recently tested a key support zone near ₹3,200, coinciding with a long-term descending trendline and the 200-day moving average (yellow line). The price action suggests indecision, making this a crucial level to watch for both buyers and sellers. Bullish Scenario 1. If the stock sustains above the ₹3,200 level and breaks out of the descending trendline, it could signal bullish momentum. 2. Key upside resistance levels to monitor: • ₹3,356 • ₹3,800 • ₹4,132 3. A breakout above ₹4,132 could indicate further upward potential. Bearish Scenario 1. A decisive breakdown below ₹3,200, backed by high volume, might lead to bearish continuation. 2. Potential downside levels to watch: • ₹3,000 • ₹2,800 3. Failure to reclaim the 200-day moving average may strengthen bearish sentiment. Conclusion Traders should wait for a clear price action signal – either a breakout above the descending trendline or a breakdown below the support zone. Keep an eye on volume and broader market trends for confirmation. You can adjust this to match your style before publishing! Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions. Trading involves significant risk, and past performance is not indicative of future results.
NSE:CUMMINSIND
by Veersoni108
3