Technical Analysis Universal Cables Limited.

The stock $UNIVCABLES is after hitting a local bottom around early March 2026 near the ₹600–₹620 range the price formed a solid reversal pattern Rounding Bottom/V-shape structure. The stock has successfully established a pattern of Higher Highs and Higher Lows clearing major psychological resistance zones at ₹1000 and ₹1150. Currently the price is trading near its recent peak at ₹1236 showing immense bullish momentum. Immediate Resistance ₹1250 – ₹1300. The price recently faced a slight rejection near ₹1300 which is now the immediate target for buyers. Immediate Support ₹1150. This is a short-term accumulation zone where buyers stepped in during recent minor pullbacks. Major Base Support ₹1000. The psychological ₹1000 level acts as a strong structural floor. Any deep correction towards this zone should find strong buying interest. For short-term buyers the stock is in a strong bullish momentum, making it ideal to buy on minor dips toward the ₹1150–₹1180 support zone or entry on a decisive breakout above ₹1250 targeting ₹1300+. For existing holders the trend is firmly upward with no major signs of reversal so you should comfortably hold your positions while maintaining a trailing stop loss below ₹1150 to protect your profits against sudden market volatility.