UNO Minda rebounds after retesting long-term support!

UNO Minda rebounds after retesting long-term support UNO Minda Limited (NSE: UNOMINDA) was trading around ₹1,284 on September 21 after rebounding from a recent breakout retest. The stock also retested its 200-day SMA, where buying interest emerged, strengthening the short-term technical structure. The Point & Figure chart has formed a Bullish 100% Pole from its 10-column moving average. The 1% Renko chart has also produced a Bullish Swing Engulfing pattern after retesting its 40-brick moving average. The combination of the 200-day SMA retest and bullish signals across Point & Figure and Renko charts gives the setup several independent technical reference points. The key question is whether the rebound develops into sustained follow-through. My view is that ₹1,280-₹1,285 is the important near-term zone. Holding this area would preserve the recent rebound structure. A break below the defined risk level would require reassessment.