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2026-01-05 11:31:17 am | Source: Jainam Share Consultants
Buy UNO Minda Ltd For Target Rs.1425 by Jainam Share Consultants
Buy UNO Minda Ltd For Target Rs.1425 by Jainam Share Consultants

UNO Minda Ltd

Buy UNO Minda Ltd CMP 1320 Buy Price 1320 Target 1425 Stop loss 1253 Holding Periond 30 Days

* The stock price is trading at Rs.1,320 on 05 Jan 2026.

* UNO Minda Ltd has formed a Symmetrical Triangle pattern on the daily chart, indicating a potential bullish continuation setup. The stock has given a decisive breakout above the upper trendline, confirming strengthening price structure and continuation of the primary uptrend.

* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above the 20-day EMA, 50-day EMA and 200-day EMA indicating a positive shift in trend.

* Momentum indicators further support the bullish outlook. The RSI is trading above 64, reflecting strong buying momentum and confirming the sustainability of the breakout.

* Based on the current price action, we expect the stock to move higher toward the 1415-1425 levels. A stop loss can be maintained at 1253to manage risk effectively.

 

 

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