UNO Minda Surges: Breakout or Fresh Rally?

UNO Minda is witnessing strong bullish momentum, gaining over 4% in the latest session and breaking above a long-term descending trendline. The sharp price movement indicates renewed buying interest and a potential shift in the stock's medium-term trend. Strong Q2 FY27 Results The company recently reported an impressive quarterly performance: Consolidated revenue surged 38% YoY to ₹6,655 crore. EBITDA increased 33% YoY to ₹733 crore. Net profit attributable to shareholders rose 38% to ₹420 crore. The board approved an additional ₹85 crore investment to expand sunroof manufacturing capacity at Bawal, Haryana. Technical View The stock has delivered a strong breakout above its falling trendline and is trading comfortably above its 10, 20, 50, 100 and 200-day moving averages, indicating a bullish trend across multiple timeframes. RSI has jumped to around 76, highlighting strong buying momentum but also indicating an overbought condition. MACD has turned sharply positive with expanding green histogram bars, while ADX at approximately 32 suggests strengthening trend momentum. Important Levels Immediate Resistance: ₹1,380–1,400 Breakout Support: ₹1,344 Next Support: ₹1,238 My View UNO Minda is showing a promising combination of strong quarterly earnings and a technical breakout. Sustained trading above ₹1,344 could keep the bullish momentum intact, with ₹1,380–1,400 emerging as the next important resistance zone. However, after such a sharp rally, some profit booking or consolidation cannot be ruled out. Traders should avoid chasing the price and watch for sustained strength above the breakout zone. Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. Disclosure: The analyst does or his family does not have any position in the stock discussed above. UNOMINDA