The stock of Uno Minda has been in a downtrend since the beginning of this year. However, over the past month, it was in a consolidation phase, and this week, it has broken out of a key resistance at ₹1,090. Also, for more than a week now, the price could sustain above the 21-day moving average. These are signs of a bullish trend reversal. Nevertheless, there is a possibility of a minor correction in price before the next leg up. So, participants can go long now at ₹1,109 and accumulate at ₹1,080. Place stop-loss at ₹1,050. When the price rises to ₹1,140, revise the stop-loss to ₹1,080. On a further uptick in stock price to ₹1,160, alter the stop-loss to ₹1,120. Book profits at ₹1,180.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on April 17, 2026