UNO MINDA LTD observing a rising trendline breakout on the weekly timeframe.
Uno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors. Reasons are listed below : Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift. Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the...
Unominda gave a clear breakout and retest of resistance levels on monthly basis time frame. I have men fib extensions targets as well. For easy reference
Finally the stock is moving in to higher territory. In August we expected the stock to move up . But that move failed. Now the stock is taken out the Price Rejection Zone with Volume support. Other key parameters like Relative Strength, Money Flow, Buying Pressure all supporting the move. The minor, medium and long term trends are all up. The stock looks good to go.
💥UNO Minda💥-Nice Breakout Capital to be deployed- 20k Investing Price-652-654 Breakout Price-652 Stoploss-564 Targets-843-1987 RT for max reach #unominda #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
UNOMINDA-The future stock of EV-ERA is ready for breakout.Keep the eyes on the stock for good long term investment.
Buy Uno Minda in range of 570-610. long term holding only. target 2024-25 -> 1800-2400
Looking at Weekly chart on UNOMINDA, it has broken its previous ATH lvl today. Past 2 days have shown good volumes and this weeks volume clearly shows a pop compared to the earlier ones. Initiated long here with a STOP at 625, expecting 700 soon as long as STOP is not taken out
UNO MINDA: H&S breakout retest. CMP 539, SL 520, TGT 630.
Buy this stock at cmp, place the stoploss at 600 tgt 700-800-900 , duration 1 year
Targets given in chart - SL is closure below Trend line on DCB Market Cap ₹ 36,469 Cr. Current Price ₹ 636 High / Low ₹ 658 / 433 Stock P/E 53.2 Book Value ₹ 72.5 DividendYield 0.08 % ROCE 19.4 % ROE 17.2 % Face Value ₹ 2.00 Promoter holding 70.0 % EPS last year ₹ 11.4 EPS latest quarter ₹ 3.01 Debt ₹ 1,395 Cr. Pledged percentage 0.00 % Net CF ₹...
After multiple Rejection at 590-627 levels the stock is again attempting to take out this Rejection Zone. The Relative strength and Money Flow are positive. A good close above 627 levels with volume support will put the stock back in up Trend mode.
Just look at the volume on the chart. If this cross the year high Hope for some positive move. It is essential to trade with prudence and thoughtfully analyze your risk management plan before executing any trades. Wishing you a successful trading experience!
I believe UNO Minda is in a multi year accumulation range just like it did from 2017-2021 . My target for buying is : 320-296 Rs and selling is 1400-1460.
Observed patterns Lower Time frame 1) Flag 2) Higher Higher low Higher TIme frame 1) VCP Squeeze formation on Higher time frame 2) Trend line support 3) Volume dryup during the squeeze. High volume sell off not getting follow through indicating exhaustion setting in.. Break out expected above or between 590 and 620.. View invalid below 520.. You can expect...