Cummins India Ltd: Eyeing a Major Breakout
Cummins India Ltd (NSE: CUMMINS) is signaling strong bullish momentum on the weekly chart with a falling wedge and bullish flag combination.
Key Insights:
A breakout above ₹3,750 with volume confirmation could push prices toward ₹5,600+, aligning with the bullish flag target.
Key Insights:
- Patterns: Falling wedge + bullish flag – strong continuation signals.
- Current Price: ₹3,671.00 (+1.98%).
- Breakout Zone: ₹3,750 (watch for a sustained move).
- Targets: ₹3,929 → ₹4,169 → ₹4,500 → ₹5,600+ (bullish flag projection).
- Support Levels: ₹3,422 and ₹3,251.
A breakout above ₹3,750 with volume confirmation could push prices toward ₹5,600+, aligning with the bullish flag target.
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