UNOMINDA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | UNOMINDA | Market Cap | 66,073 Cr. | Current Price | 1,145 ₹ | High / Low | 1,382 ₹ |
| Stock P/E | 69.6 | Book Value | 94.4 ₹ | Dividend Yield | 0.20 % | ROCE | 18.0 % |
| ROE | 17.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,225 ₹ | DMA 200 | 1,172 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | 0.17 % | PAT Qtr | 339 Cr. | PAT Prev Qtr | 274 Cr. |
| RSI | 39.6 | MACD | -32.2 | Volume | 2,48,342 | Avg Vol 1Wk | 6,81,136 |
| Low price | 768 ₹ | High price | 1,382 ₹ | PEG Ratio | 1.24 | Debt to equity | 0.38 |
| 52w Index | 61.4 % | Qtr Profit Var | 5.93 % | EPS | 16.5 ₹ | Industry PE | 28.0 |
📊 Chart Patterns: UNOMINDA is trading at 1,145 ₹, below its 50 DMA (1,225 ₹) but slightly above the 200 DMA (1,172 ₹). The price has corrected from its 52-week high (1,382 ₹) and is consolidating near support levels, reflecting weak momentum.
📈 Moving Averages: Current price is under the 50 DMA but above the 200 DMA, suggesting consolidation with mild bearish bias. A breakout above 1,225 ₹ could confirm recovery, while a breakdown below 1,140 ₹ may trigger further downside.
📉 RSI: At 39.6, RSI indicates weak momentum, leaning towards oversold territory but not yet at reversal levels.
📉 MACD: Negative at -32.2, showing bearish divergence and lack of strong buying signals.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term support.
📊 Volume Trends: Current volume (2.48 lakh) is significantly lower than average weekly volume (6.81 lakh), suggesting reduced participation and cautious sentiment.
📌 Momentum Signals: Short-term momentum remains weak. Support lies around 1,140–1,150 ₹, while resistance is near 1,220–1,230 ₹.
🎯 Entry Zone: 1,140–1,150 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 1,220–1,230 ₹ (near 50 DMA resistance).
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout direction.
Positive
- EPS of 16.5 ₹ indicates profitability.
- ROCE (18.0%) and ROE (17.7%) reflect efficient capital usage.
- Quarterly PAT improved from 274 Cr. to 339 Cr. (5.93% growth).
- DII holdings increased by 0.17%, showing domestic institutional support.
Limitation
- Stock trading below 50 DMA shows weak technical strength.
- High P/E ratio (69.6) compared to industry PE (28.0) suggests overvaluation risk.
- Dividend yield of 0.20% is very low.
- Volume participation is lower than average, indicating cautious sentiment.
Company Negative News
- FII holdings decreased by -0.15%, showing reduced foreign investor confidence.
- Stock price corrected from 1,382 ₹ high to current levels.
Company Positive News
- Quarterly PAT growth signals improving operational efficiency.
- DII holdings increased, reflecting domestic institutional support.
Industry
- Industry PE at 28.0 suggests sector trades at lower valuations compared to UNOMINDA’s high P/E.
- Auto components sector remains resilient with long-term demand outlook.
Conclusion
⚖️ UNOMINDA is consolidating with a bearish bias, trading below its 50 DMA and showing weak momentum. Short-term traders may consider entry near 1,140–1,150 ₹ with strict stop-loss, targeting 1,220–1,230 ₹ resistance. Long-term investors should wait for a breakout above 1,225 ₹ (50 DMA) with sustained volume before fresh positions.