Stock Radar: Cummins India stock breaks out from Ascending Triangle pattern on daily charts; check target, stop loss

Cummins India Ltd, after a recent rebound, broke out from an Ascending Triangle pattern, signaling a potential bottoming out. Despite being down 20% from June 2024 highs, the stock shows bullish momentum, trading above key moving averages. Analysts suggest a buy with a target of Rs 3,700, citing the ascending triangle as a bullish continuation pattern.