UNO Minda Ltd. - UNOMINDA showing signs of early breakout after a long consolidation of 2 years
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Prasiddh Shroff
Definedge
wrote on 13 Nov 2023, 06:42 last edited by PrasiddhShroff 13 Nov 2023, 06:46Key Triggers:
- The company is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
- The company is undergoing big expansions which shall help the company to clock great numbers
Technicals:
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UNOMINDA has a great chart formation on the 1% x 3 PnF chart, the stock is on the verge of giving a triple top buy signal on closing above 637.
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The stock has also shown an interesting pattern of Bear Trap above the 10SMA which is also a sign of bullishness
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UNOMINDA has already moved more than 60% in less than 3 quarters, and is till looking great
On the Fundamentals front as well, the company reported the Highest Ever Quarterly Sales and the Highest ever Quarterly Profit in the Q4 of FY24
New Entries and New Agreements:
