Cummins India Ltd: Eyeing a Major Breakout

anteontem

Cummins India Ltd (NSE: CUMMINS) is signaling strong bullish momentum on the weekly chart with a falling wedge and bullish flag combination.

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.