It became the top trending stock in index growth, Uno Minda recorded price value breakout – top trending stock uno minda

Mumbai –Indian indices rose sharply at the start of the trading session on Friday on the backdrop of positive global equity markets as investors continued to buy in midcap and smallcap stocks. Shares of Uno Minda rose nearly 4%. The national stock market has recorded a strong price value breakout from the 52-week consolidation. It is above all its important moving averages and has recorded good trading numbers. At the same time it is Rs. 628.70 is some distance from this all-time high.

The stock has rallied sharply from its May low of Rs 384.45 and is up more than 55% in just 3 months. Apart from this, technical aspects indicate bullishness in the stock. The 14-day RSI (68.46) is bullish and is at its previous high. MACD has recorded a bullish crossover. A strong trading volume is showing strength when the OBV is peaking. Overall, this stock is technically bullish.

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The stock looks exceptionally bullish over the medium term. Because it shows no signs of diminishing in value at present. The stock is likely to touch Rs 650 and above in the medium term. Investors can keep an eye on this stock and decide on the transaction.
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