🚗 Uno Minda Ltd – Coiled for a Breakout After 38% Correction!
📉 Stock Background & Current Structure:
Uno Minda Ltd, a key player in the automobile components sector, has corrected nearly 38% from its all-time high of ₹1,255. The recent low was recorded around ₹867, which is close to a key swing level.
What's interesting is that the stock recently:
Swiped the latest swing low, potentially triggering stop hunts and liquidity grabs.
Has been consolidating in a tight range (₹915–₹880) for the last 9 trading sessions.
This behavior typically signals absorption of selling pressure and potential preparation for an explosive move.
🧠 Why This Trade Setup?
A strong support base is being formed in the consolidation range.
Despite a lower-low formation on the higher timeframe, price failed to break down aggressively.
This indicates that smart money might be accumulating.
If the price breaks out of this consolidation range, it offers a great swing trade setup with a well-defined risk-to-reward profile.
🎯 Trade Plan:
Element Levels
Entry On breakout above ₹915
Stop-Loss ₹870 (just below swing low)
Target 1 ₹993
Target 2 (optional) ₹1,070https://www.tradingview.com/x/ywXG13pd/
Target 3 (longer term) ₹1,150
We are currently focused on Target 1, and will assess further upside if momentum sustains.
🔍 Technical Perspective:
Consolidation zones often lead to strong directional moves.
Recent swing low swipe signals liquidity grab — a common sign before reversals.
A breakout will confirm short-term trend reversal on lower timeframes.
This is a classic "base + breakout" setup loved by both swing and positional traders.
🔔 What Led Me to Update This Analysis?
Significant price correction offering value
Repeated tests of support without breakdown
Range-bound movement suggests seller exhaustion
Structure aligns with high-probability breakout pattern
📌 Summary:
Stock: Uno Minda Ltd
Sector: Auto Parts / Manufacturing
Strategy: Breakout Swing Trade
Risk Level: Moderate (tight SL, defined setup)
📢 Don’t Miss Out!
✅ Follow me so you don’t miss the next breakout opportunity!
👍 If this helped you, drop a like and leave a comment with your view!
💬 Let’s chat in the comments. See you there! 🚀📊
🙏 Thanks for your continued support. Let’s grow together as traders!
📉 Stock Background & Current Structure:
Uno Minda Ltd, a key player in the automobile components sector, has corrected nearly 38% from its all-time high of ₹1,255. The recent low was recorded around ₹867, which is close to a key swing level.
What's interesting is that the stock recently:
Swiped the latest swing low, potentially triggering stop hunts and liquidity grabs.
Has been consolidating in a tight range (₹915–₹880) for the last 9 trading sessions.
This behavior typically signals absorption of selling pressure and potential preparation for an explosive move.
🧠 Why This Trade Setup?
A strong support base is being formed in the consolidation range.
Despite a lower-low formation on the higher timeframe, price failed to break down aggressively.
This indicates that smart money might be accumulating.
If the price breaks out of this consolidation range, it offers a great swing trade setup with a well-defined risk-to-reward profile.
🎯 Trade Plan:
Element Levels
Entry On breakout above ₹915
Stop-Loss ₹870 (just below swing low)
Target 1 ₹993
Target 2 (optional) ₹1,070https://www.tradingview.com/x/ywXG13pd/
Target 3 (longer term) ₹1,150
We are currently focused on Target 1, and will assess further upside if momentum sustains.
🔍 Technical Perspective:
Consolidation zones often lead to strong directional moves.
Recent swing low swipe signals liquidity grab — a common sign before reversals.
A breakout will confirm short-term trend reversal on lower timeframes.
This is a classic "base + breakout" setup loved by both swing and positional traders.
🔔 What Led Me to Update This Analysis?
Significant price correction offering value
Repeated tests of support without breakdown
Range-bound movement suggests seller exhaustion
Structure aligns with high-probability breakout pattern
📌 Summary:
Stock: Uno Minda Ltd
Sector: Auto Parts / Manufacturing
Strategy: Breakout Swing Trade
Risk Level: Moderate (tight SL, defined setup)
📢 Don’t Miss Out!
✅ Follow me so you don’t miss the next breakout opportunity!
👍 If this helped you, drop a like and leave a comment with your view!
💬 Let’s chat in the comments. See you there! 🚀📊
🙏 Thanks for your continued support. Let’s grow together as traders!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.