The stock $UNIVCABLES remains in a strong long-term uptrend. After a sharp rally from around ₹650 to ₹1350 the stock has entered a healthy consolidation phase between ₹1150–₹1300. The price is still trading above its previous breakout zone indicating that buyers continue to control the broader trend. Recent candles show reduced volatility after the rally which suggests profit booking rather than aggressive selling. As long as the stock holds above its key support levels the overall structure remains bullish The immediate support is placed around ₹1180–₹1200 where buyers have repeatedly entered. If this level is breached the next important support lies near ₹1080–₹1100. On the upside immediate resistance is seen around ₹1280–₹1320. A decisive breakout above this zone could open the path towards ₹1400+. The stock remains bullish with a positive bias. Traders can watch for a breakout above ₹1320 for fresh momentum while existing investors may continue holding as long as the stock stays above ₹1180. A breakdown below this support could lead to a deeper correction before the next uptrend begins.

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