Flash Finance

CUMMINSIND — Descending Channel

Cummins India Limited · A steady downtrend held between two parallel falling lines.

Forming CMP ₹5,066.50 Scanned 2026-09-01

Descending Channel · Daily candles

Bearish
CUMMINSIND descending channel pattern on daily candles with boundaries, swing pivots and target marked
Formation Descending Channel
StateForming
Building since2026-07-10
Boundary touches8
Upside trigger₹5,404
Downside trigger₹4,986
Away from trigger1.6%
Target if it triggers ≈₹4,588 -9%
The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

Trigger. A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation.

Target. While the channel holds, the opposite rail. On an upside break, project the channel width up from the break.

Invalidation. A sustained close above the upper rail.

Double Top · Weekly candles

▼ Broken down
CUMMINSIND double top pattern on weekly candles with boundaries, swing pivots and target marked
Formation Double Top
StateBroken down ↓
Building since2026-05-31
Boundary touches3
Broke on2026-08-23
Break level₹5,338
Measured target ₹4,575 -10%
Break volume 0.8× its 20-day average

Trigger. A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation.

Target. While the channel holds, the opposite rail. On an upside break, project the channel width up from the break.

Invalidation. A sustained close above the upper rail.

🔗 More on CUMMINSIND
📉 Support & resistance 📊 RSI, MACD & indicators 🏢 Stock analysis 📅 Seasonality
📐 Other stocks forming a descending channel
Stock TF State CMP Trigger Away Target Touches
IOBIndian Overseas BankDaily Bearish ₹32.32 ₹32.16 0.5% ≈₹29.02 (-10%) 8
SANOFICONRSanofi Consumer Healthcare India LimitedWeekly Bearish ₹4,123 ₹4,097 0.6% ≈₹3,335 (-19%) 7
FIRSTCRYBrainbees Solutions LimitedWeekly Bearish ₹178 ₹177 0.9% ≈₹142 (-20%) 5
BIKAJIBikaji Foods International LimitedDaily Bearish ₹600 ₹594 1.1% ≈₹546 (-9%) 8
IRCTCIndian Railway Catering And Tourism Corporation LimitedWeekly Bearish ₹483 ₹477 1.2% ≈₹430 (-11%) 5
TORNTPOWERTorrent Power LimitedDaily Bearish ₹1,205 ₹1,190 1.2% ≈₹1,059 (-12%) 6
IRCTCIndian Railway Catering And Tourism Corporation LimitedDaily Bearish ₹483 ₹477 1.3% ≈₹430 (-11%) 6
DBCORPD.B.Corp LimitedDaily Bearish ₹199 ₹196 1.5% ≈₹177 (-11%) 6
HUDCOHousing & Urban Development Corporation LimitedDaily Bearish ₹180 ₹176 1.9% ≈₹158 (-12%) 8
AMBUJACEMAmbuja Cements LimitedWeekly Bearish ₹404 ₹397 1.9% ≈₹336 (-17%) 8
VESUVIUSVesuvius India LimitedDaily Bearish ₹412 ₹403 2.1% ≈₹351 (-15%) 8
IRFCIndian Railway Finance Corporation LimitedWeekly Bearish ₹83.28 ₹81.41 2.2% ≈₹67.00 (-20%) 6

See every descending channel found today →

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.

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