Research Report – 3MINDIA, AARTIDRUGS & More

3M India – Breakout Above EMA Band Signals Wave 5 Rally Potential

Timeframe: 4h
3M India has been in an uptrend after bouncing from the July low of 28,275. The stock recently broke out above the 50, 100, and 200 EMA bands. The stock appears to be in wave 5 of the current uptrend, with wave 4 having ended near 30,800. This suggests the bullish phase is still active. The ATR is 826.26, indicating strong price movement, while the ADX at 22.26 signals that the trend is gaining strength but not yet overheated.

If the price sustains above 30,800, 3M India could continue higher toward 33,100 – 34,220+. The chart structure and rising channel support this bullish view. As long as the price holds above wave X at 30,800, traders can look for buying opportunities for the next leg of the rally.

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NSE CUMMINSIND FUT – Bulish Setup

Timeframe: Daily
NSE CUMMINSIND FUT is trading above the 50/100/200 EMA band. The ATR is 83.67, while the ADX is 29.61. The price has broken out of an important resistance zone at 3,629. From this point, a breakout above 3,690 will likely increase bullish participation and lead the price to new highs.

From the low of 2,624, an impulsive cycle is unfolding, currently forming the final wave v of wave 5 on the daily timeframe chart. Strong buying pressure could push the price toward a new high. Traders can long CUMMINSIND FUT with the following targets: 3800 – 3880 – 3960+.

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NSE AARTIDRUGS – Premium Setup