Cummins India Share Price Target: Insights for Investors

1. Cummins India Overview

Cummins India share, based on Its business model the share price has given multi-bagger returns.
It is one of the Leading company in Diesel and natural gas Engine manufacturers.
It has mainly three main business segments
1. Engine
2. Power Systems
3. Power Generators.

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It Designs manufactures and provides services in all the above segments.
You can visit the company website for more details about the business model
CUMMINS INDIA

2. Fundamental of stock

3. Technical analysis of stock

We will study the monthly weekly and daily chart of Cummins India. Based on the Price action we will decide whether it’s worth buying the stock. will also try to predict the share price target for the short-term, mid-term and long-term.

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Monthly Chart Analysis –

Below is the Monthly chart of Cummins India sourced from Zerodha

It has given a multiyear breakout at share price of 2000. With this multiyear breakout, it has given 2x returns within 6 months with a share price of 4000. Now it is in the consolidation phase and, made a new base for a new movement. From here on can expect the same returns on equity. With one year of the holding period, we can expect the share price about 10000. From an investment perspective, we can expect the stock to touch 40000 to 50000. This is considering a minimum holding period of 10 years.

Weekly Chart Analysis –

You can check the below weekly chart from Zerodha to study the medium-term target of Cummins’s share price target.

It has made the pole and flag pattern. With this pattern target price will be about 6000 with a holding period of 6 months to 18 months. Generally, medium-term targets can be predicted well with weekly and daily price action candlestick patterns.

Daily Chart Analysis –

You can check the below daily chart from Zerodha to study the short-term target of Cummins’s share price target. You can also use this one for a swing trading bet.

you can see here it’s respecting the 3900 level And it is, a major resistance for the stock. One can bet on about 3900. Use a stop loss of 100 rupees. Aim for a minimum target of 20-25%. Alternatively, aim for at least a share price of 4500.

whenever we have a swing trading or short-term perspective one should use the 15-minute chart for entry and exit. Also one can decide, the minimum stop-loss of a share for a good risk-reward ratio.

In the above chart, there are two lines. One line is mainly the resistance line. one can take entry once this line breaches or crosses the share price. below slope line is the support line of 15 min chart. Just below the support line one can put stop loss of the share.

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4. Cummins India Share Price Target for 2024, 2025,…..,2030.

5. Cummins India Share Price Target for 2031, 2032,…..,2040.

6. Cummins India Share Price Target for 2041, 2042,…..,2050.

7. FAQ

Disclaimer– The views shared here are only for educational purposes. We are not SEBI registered.
Please take advice from your personal finance adviser. We are not responsible for any loss incurred by you with above shared study.

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