Stock has fallen by more than 15% in last One Month from its highest level of 652.8 dt 29-Jan-20.
Stock - Cummins India Ltd. has made higher level with higher volume market in downtrend
As Per ADX, stock is not trending with ADX of 16.4712 and is not trending for 23 Days
As Per Chaikin Money Flow, stock has Very Strong Selling pressure with CMF = -0.484102. Strong Selling pressure is for 18 Days
Stock of Cummins India Ltd. has formed Support (trend line) with dates 18/02/2020, 06/12/2019, on daily Charts. Highest point touched during this period is 605.25.Support line still holds good. Stock price : 554.75 is hovering just above Support price of 530.4. If other indicators are supportive then a long position (Buy) may be taken.
As per Slow Stochastic , Cummins India Ltd. is in over sold range with a value of 17.77 It is in oversold range for last 14 Days suggesting strong down move.
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Share Price History of Cummins India Ltd.
Date
Open
High
Low
Close
Volume
20-Feb-20
539.85
556.50
539.85
554.75
493 K
19-Feb-20
531.15
544.45
531.15
539.80
292 K
18-Feb-20
536.35
536.50
523.55
530.40
464 K
17-Feb-20
534.00
539.45
528.65
536.75
391 K
14-Feb-20
547.00
552.20
535.45
536.95
332 K
13-Feb-20
550.00
554.80
546.15
549.05
314 K
12-Feb-20
545.80
556.35
543.00
551.10
455 K
11-Feb-20
548.10
556.95
544.00
545.85
322 K
10-Feb-20
560.80
561.50
541.15
546.70
748 K
07-Feb-20
560.95
563.90
552.15
558.05
598 K
About Cummins India Limited
Cummins India Limited designs, manufactures, distributes, and services engines, generator sets, and related technologies in India. The company operates through three business units: Engine Business, Power Systems Business, and Distribution Business. The Engine Business manufactures and markets diesel and natural gas engines ranging from 65 HP to 400 HP for the low, medium, and heavy-duty on-highway commercial vehicle markets, as well as the off-highway commercial equipment industry comprising construction and compressor. The Power Systems Business provides power generation systems in standby power and distributed power generation for individual and institutional customers in various segments, such as infrastructure, IT/ITES, data centers, realty, healthcare, and hospitality; and high horsepower engines ranging from 700 HP to 4500 HP for mining, marine, railways, oil and gas, and defense applications, as well as manufactures and exports open and enclosed low kilowatt generator sets. The Distribution Business offers products, services, and solutions for equipment and engines; and provides after-market support services to customers in India, Nepal, and Bhutan. The company also exports its products to the United States, the United Kingdom, Mexico, Singapore, and China. Cummins India Limited was founded in 1962 and is based in Pune, India. Cummins India Limited is a subsidiary of Cummins Inc. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
We are working on fundamental strength also. Please share your views to help shape up the requirement.
( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
