Cummins approaches ₹4,700 support after a slide

is approaching the marked ₹4,700 support after extending its sequence of lower highs and lower lows. The displayed daily candle has a small body around ₹4,856.70, with shadows on both sides. It reflects hesitation after the decline, although the 5 October candle may still be forming. The location deserves attention. The ₹4,700 region sits near the base from which the April advance developed. Price is now returning towards that area after losing the earlier descending channel, making the response near support more useful than the candle’s colour alone. Both moving averages remain bearish. The 20-day average at ₹4,989.54 slopes down beneath the falling 55-day average at ₹5,244.86. There is little sign of sustained flattening yet. This suggests the correction is still active, even if proximity to support produces a rebound. MACD is below zero and below its signal line, at −105.86 against −97.39. The histogram remains negative at −8.47. Its relatively small reading shows that the two lines are close, but does not establish a reversal while both remain in negative territory. Cummins’ engines and power-generation equipment connect its business to industrial activity and demand for reliable power. Domestic orders, exports and the profitability of its product mix are useful measures when assessing whether the operating outlook supports a recovery. A close above ₹4,990–₹5,000 would be the first improvement, followed by the ₹5,245–₹5,350 resistance region. At support, a rejection candle near ₹4,700 followed by buying would offer stronger evidence of seller exhaustion. A decisive break beneath that level would weaken the April base and bring ₹4,500–₹4,400 into focus.