Uno Minda: Triple Trendline Test - Breakout or Pullback Setup
Uno Minda Price Action Setup
(Daily Timeframe | Pure Price Action + Volume)
Key Structure
Resistance Trendline: Tested twice (02-Sep-2024 & 17-Jul-2025). Price now approaches it for the 3rd attempt.
Support Zone: Strong base at 1027 (recent swing low).
Long-Term Trend: Bullish (higher highs/lows).
Trade Scenarios
SCENARIO 1: Trendline Breakout
Trigger:
Daily breakout candle closes above the resistance trendline.
Candle must be strong bullish (full-bodied green) with volume > 20-day average.
Entry: On confirmation of breakout (next candle open/close above breakout candle’s high).
Stop Loss: Low of the breakout candle.
Targets:
First: 1255 (take partial profits).
Trail balance with trailing SL (e.g., below recent swing lows).
SCENARIO 2: Pullback to Support
Trigger:
Price retests 1027 support, followed by a strong bullish reversal candle (e.g., Bullish Engulfing/Hammer) with rising volume.
Entry: After reversal candle closes (confirmation).
Stop Loss: Below the low of the reversal candle.
Targets:
First: 1130 (take partial profits).
Trail balance aggressively.
Risk Management
Position Size: Risk ≤ 1% capital per trade.
Avoid chasing: Enter only on confirmed triggers.
Invalidation: Exit if price closes below SL levels.
Disclaimer
This idea is educational only. Not financial advice. Trading carries high risk. Past performance doesn’t guarantee future results. Always test strategies in a demo account. Consult a financial advisor before trading.
Boost 👍 if helpful! Comment below for other stocks you want analyzed.
Keep it price-driven. Trade safe! 💡
(Daily Timeframe | Pure Price Action + Volume)
Key Structure
Resistance Trendline: Tested twice (02-Sep-2024 & 17-Jul-2025). Price now approaches it for the 3rd attempt.
Support Zone: Strong base at 1027 (recent swing low).
Long-Term Trend: Bullish (higher highs/lows).
Trade Scenarios
SCENARIO 1: Trendline Breakout
Trigger:
Daily breakout candle closes above the resistance trendline.
Candle must be strong bullish (full-bodied green) with volume > 20-day average.
Entry: On confirmation of breakout (next candle open/close above breakout candle’s high).
Stop Loss: Low of the breakout candle.
Targets:
First: 1255 (take partial profits).
Trail balance with trailing SL (e.g., below recent swing lows).
SCENARIO 2: Pullback to Support
Trigger:
Price retests 1027 support, followed by a strong bullish reversal candle (e.g., Bullish Engulfing/Hammer) with rising volume.
Entry: After reversal candle closes (confirmation).
Stop Loss: Below the low of the reversal candle.
Targets:
First: 1130 (take partial profits).
Trail balance aggressively.
Risk Management
Position Size: Risk ≤ 1% capital per trade.
Avoid chasing: Enter only on confirmed triggers.
Invalidation: Exit if price closes below SL levels.
Disclaimer
This idea is educational only. Not financial advice. Trading carries high risk. Past performance doesn’t guarantee future results. Always test strategies in a demo account. Consult a financial advisor before trading.
Boost 👍 if helpful! Comment below for other stocks you want analyzed.
Keep it price-driven. Trade safe! 💡
Trade active
Trade is active, however broader market conditions are not condusively bullish so I'll keep the position light and stay in trade only if there's momentum push. Trailing SL. Will re-enter on retest.Trade closed: target reached
Target reached and price made a shooting star candle pattren, better to exit and enter again on flip test. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.