UNO Minda Limited
Long
Zaktualizowano

SWING IDEA - UNO MINDA

1 007
Uno 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
Uwaga
We can add quantity as price tried to push down in the previous week but this week it reversed and formed a bullish engulfing candle.
Uwaga
Price made a high of 4.6%+
Uwaga
6% done
Transakcja zamknięta: osiągnięto wyznaczony cel
1st target done : achieved 15% ++
Uwaga
Price made a high of 17.2% from our buying price
Uwaga
trend is intact, higher highs and higher lows are being made.
Hold for target
Transakcja zamknięta: osiągnięto wyznaczony cel
2nd target done : 19% ++
Uwaga
Achieved 35% ++
Uwaga
Made a high of 63%+ from our buying price
Uwaga
made a high of 82%++
Uwaga
Approaching all time high!
Uwaga
could see further upmove
Uwaga
made a new all time, achieved 93%++
Uwaga
we might see a fresh rally if price closes above 1200

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