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UNOMINDA

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 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
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by Visionary_Growth_Insights