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Stock Radar: UNO Minda sees breakout from a Pennant formation, may hit Rs 700 levels. Time to buy?
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UNO Minda, a prominent player in the auto component space, has witnessed a breakout from a bullish Pennant formation on the monthly Heikin Ashi charts, which has opened room for the stock to head towards 700 levels, suggested experts.The stock hit a fresh record high of Rs 660 on 17 August 2023 but failed to hold on to the momentum.
It took support above the 200-DMA in May and 50-DMA in July on the daily charts.The stock bounced back after
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