UNOMINDA , 1W , Bullish The pattern is channel , it is ready to Breakout , Enter after only clear confirmation in weekly strong close then enter , follow proper position sizing and risk management
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UNOMINDA
UNO MINDAUNO MINDA today makes a new fresh high and also it breaks the resistance zone of ATH. Can we go for Long from here or we should wait for some retracement ???
SWING IDEA - UNO MINDAUno 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 weekly timeframe, signaling potential upward momentum.
Strong support from the 50 EMA on the weekly and the 200 EMA on the daily timeframe, bolstering Uno Minda's price action.
Support from the golden Fibonacci zone reinforces the importance of current price levels, adding confidence to potential trades.
Consistent establishment of higher highs reflects a sustained bullish trend, aligning with swing trading strategies seeking upward movement.
A notable increase in trading volumes underscores growing investor interest and suggests the potential for sustained momentum.
Target - 720 // 765
StopLoss - weekly close below 604
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#RML 825 TGT1300 SL700 #MSUMI #BOSCHLTD #EXIDEIND #MOTHERSONRML 825
TGT 1300+
LET IS BREAK ATH
SL 700
RR > 2
TF 6-8 Months
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Uno Minda : Bull Run 2025 Target : 1400-1460I 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.
