CUMMINSIND - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🛠️ Intraday Trade Analysis: CUMMINSIND

CUMMINSIND is showcasing strength on both momentum and volume fronts, making it a technically solid candidate for intraday trading — especially for continuation-based setups. Despite a minor quarterly profit dip, its debt-free structure and institutional interest provide backing.

⭐ IntraDay Trade Rating

4.0

Strong MACD, positive volume trend, and price position above key averages push its appeal higher — though slightly elevated P/E and RSI temper runaway bullishness.

📊 Technical & Sentiment Signals

RSI: 57.5 → Bullish bias with room before entering overbought zone.

MACD: +63.5 → Clear uptrend — histogram expanding, slope positive.

Volume: 5.72L vs Avg 4.84L → Above-average participation signals trader focus.

Price above DMA50 (₹3,367) & DMA200 (₹3,196) → Momentum-friendly zone.

FII Inflow: +0.29% → Confidence boost; DII outflow mildly offsets.

PEG Ratio: 1.41 → Fair growth premium relative to earnings trajectory.

🛒 Optimal Intraday Entry Setup

If initiating a fresh trade

Buy Zone: ₹3,530–₹3,540 Preferably on minor dip or consolidation candles with volume sustaining above 5.5L.

Profit Booking Levels

₹3,565 (initial intraday supply zone)

₹3,595 (extension target if strength continues into post-lunch session)

Stop-Loss: ₹3,515 Below morning base and psychological support — cut fast on reversal signs.

🔁 Exit Strategy if Already Holding

Watch for Exit Signals

Price stalls near ₹3,565–₹3,580 with RSI flattening around 60.

MACD histogram slows or ticks down.

Volume dips below 5L post-2 PM — momentum fade risk.

Exit Window

₹3,565–₹3,590 if rejection candles (spinning tops, inverted hammers) appear.

Trailing Stop-Loss

If price exceeds ₹3,600, move SL to ₹3,570 and monitor real-time volume and price action into closing bell.

💡 Final Take

CUMMINSIND is showing strong price stability and short-term upside, ideal for technically driven intraday moves. Traders should stay nimble — a late-volume dip could flip sentiment fast, especially near resistance clusters.

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