buy on dips to follow wait for the retracement levels

UNOMINDA Uno Minda Limited is one of India's established automotive component manufacturers, supplying a wide range of products to two-wheelers, passenger vehicles, commercial vehicles and electric vehicle manufacturers. The company's product portfolio includes switches, lighting systems, horns, alloy wheels, seating systems, sensors, vehicle security systems and advanced electronic components. Financial parameter Q2 FY27 Revenue ₹6,655 crore Revenue growth YoY 38% EBITDA ₹733 crore EBITDA growth YoY 33% PAT attributable to shareholders ₹420 crore PAT growth YoY 38% As per the latest available NSE closing data dated 13 November 2026, Uno Minda was trading around ₹1,388 per share. The stock has demonstrated strong momentum and is trading close to its 52-week high of approximately ₹1,406.50. Its position above the major moving averages indicates that the broader technical structure remains positive. Important technical observations: - The stock is trading above its 20-day, 50-day and 200-day moving averages. - RSI is approximately 78, indicating strong momentum but also an overbought condition. - MACD remains positive and above its signal line. - The stock has witnessed considerable buying interest during its recent upward movement. Support Price Immediate Support ₹1,366 Second Support ₹1,350 Major Support ₹1,292 Long-term Reference ₹1,185 Resistance Levels Resistance Price Immediate Resistance ₹1,399 Second Resistance ₹1,407 Next Resistance ₹1,417 Higher Resistance ₹1,436