Momentum building again in Uno Minda?UNO Minda LimitedNSE:UNOMINDAHappy_Candles_InvestmentUNO Minda Ltd. engages in the manufacture of auto components, including electrical parts and accessories; and provision of ancillary services. Uno Minda Closing price is 1235.20. The positive aspects of the company are Companies with Zero Promoter Pledge, Annual Net Profits improving for last 2 years, Strong cash generating ability from core business, Companies with Low Debt and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 68.9), Increasing Trend in Non-Core Income, Companies with growing costs YoY for long term projects, Promoter decreasing their shareholding and MFs decreased their shareholding last quarter. Momentum can build further in the stock after closing above 1236 Historical Resistance in the stock will be 1273 and 1311. PEAK Historic Resistance in the stock will be 1348 and 1393. Stop loss in the stock should be maintained at Closing below 1153 or 1107 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.