Cummins India: Recovery Tests Moving Average Zone

Cummins India has bounced strongly from the recent low near ₹4,050, supported by a sharp increase in volume. Price is now trading near ₹4,369, above the fast moving average around ₹4,321 and the slower moving average near ₹4,183. This shows that the immediate price structure has improved after the steep October decline. However, the coloured MACD is still below the zero line and the MACD line remains marginally below the signal line. The histogram is red, indicating that the broader corrective momentum has not fully reversed yet. The latest bounce is encouraging, but the indicator needs a bullish crossover and a sustained expansion of green histogram bars to confirm a stronger recovery. CUMMINSIND The ₹4,320 area is the first moving-average support, followed by ₹4,180. Holding above these zones can help the rebound build a base. On the upside, ₹4,450–4,600 is the immediate resistance band. A sustained move above this range, combined with a positive MACD crossover, would improve the case for a larger recovery.