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Cummins India Ltd

BUY 25 AUG 5100 PUT Entry Range 15 – 18 Target 2 Stop Loss 50

Rationale

• CUMMINS INDIA continues to exhibit a bearish technical structure, characterized by a persistent sequence of lower highs and lower lows within a descending channel.

• The recent breakdown below key short and medium-term moving averages confirms deterioration in near-term trend strength and reflects sustained distribution.

• Price remains below the intermediate moving average, indicating increasing downside risk and weak demand.

• Momentum indicators remain negative, with RSI sustaining a bearish tone and MACD continuing to signal weakness.

• Failure to reclaim the channel’s upper boundary further validates the prevailing negative bias.

• Unless the stock decisively recaptures key moving-average resistance on strong volume, the corrective trend is likely to persist, keeping sellers firmly in control.

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SEBI Registration number is INZ00017433