Fundamentals & Valuation:
Current market price is ₹3,994.
Intrinsic value at ₹1,887.93 – the stock is trading at 52% premium to fair value.
Median value models ~79% overvaluation compared to fair price.
Recent Street price targets point to possible downside (one-year average ~₹3,803; lowest forecast ₹2,626)
Technical Analysis:
Bearish 20-day EMA crossovers historically precede short-term corrections (avg. -2.74% within 7 days after the signal).
Diminished volume and recent price declines support near-term caution.
For active traders:
Support levels: ₹3,531 and ₹2,966 - Resistance level: ₹4,096
CumminsIND is overvalued at current prices, with multiple indicators pointing to correction risk. Both fundamental and technical signals urge caution; downside up to fair value can be considerable. Watch the above support and resistance for potential trading opportunities.
Disclaimer: tinyurl.com/59ypbsrh
Current market price is ₹3,994.
Intrinsic value at ₹1,887.93 – the stock is trading at 52% premium to fair value.
Median value models ~79% overvaluation compared to fair price.
Recent Street price targets point to possible downside (one-year average ~₹3,803; lowest forecast ₹2,626)
Technical Analysis:
Bearish 20-day EMA crossovers historically precede short-term corrections (avg. -2.74% within 7 days after the signal).
Diminished volume and recent price declines support near-term caution.
For active traders:
Support levels: ₹3,531 and ₹2,966 - Resistance level: ₹4,096
CumminsIND is overvalued at current prices, with multiple indicators pointing to correction risk. Both fundamental and technical signals urge caution; downside up to fair value can be considerable. Watch the above support and resistance for potential trading opportunities.
Disclaimer: tinyurl.com/59ypbsrh
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