UNOMINDA trade ideas
Uno Minda downside limitedChart -> Uno Minda Daily
Double bottom breakout with volume burst around 200 EMA and previous strong support.
CMP: 1002
Good Range To Buy: 950 to 1000
Targets: 1030, 1075, 1175
SL: 900 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
UNO MINDA : Inverse head & shoulder pattern breakout 📈 UNO MINDA is breaking out from the inverse head & shoulder pattern in the daily time frame. It can give Targets 🎯 of the Shoulders & then its Head .
🔰 Uno Minda can rise upto 12% to 24% returns in the short term.
🟢 Range : 1180 to 1200
🎯 Target : 1340 / 1480
🛑 Stop : 1000 (DCB)
⚠️ Disclaimer : It's not a buy/sell advice. It's a view purely for the educational purposes.
UNOMINDA -Inverted Head and shoulder -DailyUNOMINDA -Inverted Head and shoulder—Daily
Name - UNOMINDA
Pattern - Inv Head and shoulder
Timeframe - Daily
Status - Near breakout
Cmp - 1173
Target - 1494 - need to close above 1193
SL - 1079
Pattern
The Inverted Head and Shoulders pattern is a bullish reversal pattern
Fundamental :
Here are some key fundamental ratios and metrics for UNO Minda Ltd.:
Market Cap: ₹630.55 Billion
Current Price: ₹1,099.70
Price-to-Earnings (P/E) Ratio: 69.48
Price-to-Book (P/B) Ratio: 12.76
Return on Equity (ROE): Not specified
Dividend Yield: 0.29%
Enterprise Value/EBITDA: 24.72
UNO Minda is a leading manufacturer of auto components, including electrical parts and accessories2. The company has shown strong market performance, but its high P/E and P/B ratios suggest it might be relatively expensive compared to its earnings and book value.
Daily Bullish Flag Breakout in UNO MINDAHi,
NSE:UNOMINDA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
UNOMINDA_Channel Range Breakout_Retest_Rounding Bottom PatternA channel breakout is a price pattern that occurs when the price of an asset moves outside of a support or resistance level with increased volume. A channel breakout strategy trades based on whether a symbol breaks out of a channel, which is created using the highest and lowest values for a specified channel length.
Also Forming a Rounding Bottom Patterns.
THANKS FOR READING.
UNO Minda : Momentum Trade Ideas#unominda #swingtrade #momntumtrade #patterntrading #flagpattern #trendingsetup
Uno Minda : Momentum Trade
>> Flag Breakout move
>> Trending setup
>> Momentum Stock
>> Low Risk High Reward Trade
Start Trailing tightly after 8% move or Book Partial Profits
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Amazing breakout on Weekly / Daily Timeframe - UNOMINDACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
UNO MInda - vcp-in-making-101-102INDIAN NSE STOCK:
CMP: 649.20
Date- 22 March 2024
Super Rejection formation, Now people can ride if they want ofcourse 1 Stock (For Education purpose)
# As RISK and Profit is all yours.
In case it breaks 680 Levels, it will Boom Upside.
# Also W is in formation, keep calm and learn
UNOMINDA
In November 2023, price gave a breakout above its previous all time high of 628.
Previous such price behavior resulted in a strong up-move to 423.6% FR level.
Price is currently testing its breakout level and finding support.
If price sustains above 600 (38.2% FR Level), it has a high potential to give a strong upmove to 1400 (423.6% FR Level).
UNOMINDA | Swing Trade📊 DETAILS
Sector: Auto Ancillaries - Head lamps & lights
Mkt Cap: 38,537 cr
Incorporated in 1985, Uno Minda Ltd is a manufacturer and supplier of Automotive Solutions and systems to Original Equipment Manufacturers
TTM PE : 51.92 (Average PE)
Sector PE : 82.89
Beta : 0.30
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
3.22% away from 52 week high
Underperformer - UNO Minda down by -1.05% v/s NIFTY 50 up by 9.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com