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Unite Technologies Financial

2nd May · SEBI-Registered Analyst

Technical Analysis Monarch Networth Capital Ltd.

The stock

MONARCH
saw a massive rally in late 2024 reaching highs near the 500 level. Throughout 2025 it was in a strong downtrend consistently making lower highs and lower lows. Recently the stock seems to have found a strong bottom around the 220-240 zone. It is now bouncing back and showing early signs of a trend reversal by forming a recent higher low. Immediate Resistance the first major hurdle is the psychological level of 300. If the price breaks out and sustains above 300 with strong volume, the next resistance zones to watch for a swing move are around 320 and 340 previous swing highs from the downtrend. Immediate Support if the stock faces rejection immediate support lies around 260 - 270. The ultimate strong base and major support zone is at the recent swing low of 220 - 240. The stock is currently at a critical juncture just below the psychological resistance of 300. For new buyers it is safer to wait for a decisive daily closing above 300 with strong volume to confirm a breakout before initiating fresh swing trades. Existing holders can continue holding their positions but should maintain a strict stop-loss near the 260-270 support zone to protect capital. If the price successfully crosses and sustains above 300 expect a quick short-term momentum shift toward the 320 and 340 target levels. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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