⚙️ Golden Ratio Reversal: Cummins India Poised for a 1.618 Expansion Move?

📊 Elliott Wave + Fibonacci Confluence After a corrective Wave 2 decline, Cummins India is retracing back from the Golden Ratio (0.618 @ ₹3,635) zone. A successful close above ₹3,737 (0.618–0.786 range) can trigger a 1.618 Fibonacci extension target near ₹4,590. 🔍 MACD Momentum Check The MACD on weekly is steadily rising, showing an early bullish momentum build-up — though a clear crossover confirmation is awaited. 📈 AVWAP Anchored Support The AVWAP from the major swing low around ₹2,645 is providing a strong dynamic support floor. Price is respecting this level post correction, indicating accumulation by institutional players. 📊 Fundamental Strength Snapshot Industry leader in power solutions & industrial engines Debt-free, robust cash flows Strong export order book and localization benefits 🧠 Learning Insight Confluence setups (Fibonacci + AVWAP + MACD trend) on fundamentally strong stocks offer high-probability trades. Watch for a breakout confirmation above ₹3,737 for a trend continuation towards ₹4,590. 📌 Save for your Fibonacci Playbook 🔔 Follow for Real Market Learning Examples