UNOMINDA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a detailed technical analysis of UNO Minda Ltd (UNOMINDA)

📈 Trend Overview

Current Price: ₹1,072 is above the 50 DMA (₹1,057) and well above the 200 DMA (₹990), indicating a bullish undertone.

RSI (48.3): In the neutral zone, suggesting sideways momentum with room for upside.

MACD (2.13): Positive, indicating bullish crossover and early momentum.

Volume: Slightly below 1-week average, showing moderate participation.

📌 Conclusion: The stock is consolidating with a bullish bias, supported by moving averages and MACD.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the middle band, reinforcing consolidation view.

Candlestick Patterns: Recent formations suggest indecision, but no strong reversal signals.

ADX (~21): Indicates a weak trend, not strongly directional.

🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 1,057 Moderate (DMA 50)

Support 2 1,020–1,035 Strong (historical base)

Resistance 1 1,096–1,110 Moderate (recent swing highs)

Resistance 2 1,142–1,170 Strong (pivot zone)

Resistance 3 1,255 Major (52W high)

🎯 Entry & Exit Zones

Optimal Entry: ₹1,050–₹1,065 (near support and DMA 50)

Exit Zone: ₹1,110–₹1,170 (approaching resistance and breakout levels)

⚡ Momentum Signals

Short-Term: Mild bullish momentum; MACD supports upside potential.

Medium-Term: Positive bias as price holds above key moving averages.

Volume Trend: Slightly declining, suggesting cautious accumulation.

🧭 Summary

UNO Minda is currently in a consolidation phase, trading above key moving averages with neutral RSI and a bullish MACD crossover. While volume is slightly subdued, the technical setup favors a gradual upward move if price sustains above ₹1,057. Traders may consider entering near ₹1,050 with a stop-loss below ₹1,020 and targeting exits near ₹1,170.

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