UNOMINDA trade ideas
"UnoMinda" at the cusp of breakout! "UnoMinda" is a great counter to go Long on with high probability and great risk - reward ratio! The stock is about to breakout from a Cup Pattern. The price is at the cusp of breakout which is giving more confidence to enter the trade on Long Side.
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UNO MINDA LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Uno Minda LtdTargets 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
₹ -86.5 Cr.
Price to Cash Flow
45.7
Free Cash Flow
₹ -146 Cr.
Debt to equity
0.34
OPM last year
11.0 %
OPM 5Year
11.2 %
Reserves
₹ 4,041 Cr.
Price to book value
8.72
Int Coverage
13.0
PEG Ratio
2.92
Price to Sales
3.10
Market Cap to Sales
3.10
Qtr Profit Var
24.5 %
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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@visionary.growth.insights
UNOMINDAFinally 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.
UNOMINDA - Breakout of previous ATH lvlLooking 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
To keep on Watch List for Breakout Entry soon VCPObserved 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 breakout supported by Huge Volume