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Rakesh Madhav CFA

22nd Aug 2025 · SEBI-Registered Analyst

🚀 Follow-up on UNO Minda

UNOMINDA
Our earlier bullish call on UNO Minda has played out with high accuracy ✅. The stock has successfully broken out above the ₹1,200–1,210 zone and is now trading firmly near ₹1,265+, backed by volumes and OI support. 📉 Technical Snapshot ✅ Strong breakout above multi-month resistance (₹1,200 zone) 📊 Volume confirmation + put writing at 1200 strikes → strong base 📈 RSI ~76 → momentum remains strong, though in overbought zone 🔄 Price action showing higher highs & higher lows → trend intact 📌 Key Levels to Watch Supports: ₹1,210 (immediate), ₹1,160 (critical breakout base) Resistances: ₹1,270 (near-term), above which rally can extend toward ₹1,300–1,320 💡 Outlook Bias stays bullish in short term. Dips near ₹1,210–1,220 are likely to be bought into. Sustained close above ₹1,270 will keep the momentum alive toward ₹1,300–1,320. 🎯 Our Call Accuracy ✅ Suggested entry near ₹1,200–1,210 → stock rallied to ₹1,265+ within days ✅ Targets of ₹1,250 & ₹1,270 achieved; next leg toward ₹1,300+ now in play 👉 In short: UNO Minda has validated our bullish trade setup perfectly. As long as ₹1,160 holds, the upside bias continues toward ₹1,300+ 🚀

#EquityResearch#FundamentalViews#TechnicalViews
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