CUMMINSIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.7

Here’s a comprehensive technical analysis of CUMMINSIND

📊 Trend Overview

Current Trend: Strongly trending upward

Price is above both 50 DMA (₹3,772) and 200 DMA (₹3,392), confirming a robust bullish structure.

RSI at 73.6 is in overbought territory, signaling strong momentum but also caution for short-term pullbacks.

MACD at 103 is sharply positive, reinforcing bullish momentum.

📈 Technical Indicators

Moving Averages

Price (₹4,101) > 50 DMA (₹3,772) > 200 DMA (₹3,392): Golden crossover confirmed

RSI (73.6)

Overbought zone. Momentum is strong, but a short-term correction is possible.

MACD (103)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, suggesting strength but also potential short-term exhaustion.

Volume Trends

Current volume (2.68L) < 1-week average (3.69L): Momentum slowing slightly

Indicates reduced participation, but not a reversal signal.

🔍 Short-Term Momentum Signals

Bullish Bias with Overbought Caution

MACD and price action support continued upside.

RSI suggests strength but also warns of possible short-term pullback.

FII inflows (+0.29%) add to positive sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 3,950 Minor pullback zone

Support 2 3,772 50 DMA, strong short-term base

Resistance 1 4,169 52-week high

Resistance 2 4,250 Psychological barrier

Resistance 3 4,400 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹3,950–₹4,000 (on dips near support)

Exit Zone: ₹4,169–₹4,250 (partial profit booking)

Aggressive Target: ₹4,400+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and strongly trending upward

Momentum: High, supported by MACD and RSI

Outlook: Favorable for short-term momentum trades; watch for consolidation near ₹4,169

Valuation: Premium P/E (55.7) vs industry (44.8), strong ROE/ROCE, zero debt, and solid earnings growth support continued strength

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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