Ascending Triangle Breakout SetupUNO Minda LimitedNSE:UNOMINDAyashthakkar23UNO Minda is currently trading around ₹1,276 and appears to be consolidating within a symmetrical/ascending triangle pattern after a strong impulsive rally from the ₹1,160 zone. Price has respected the rising trendline multiple times while sellers have been defending the upper trendline near ₹1,280-1,290. Technical Observations ✅ Strong uptrend preceding the consolidation, indicating a continuation pattern. ✅ Higher lows suggest sustained buying interest and accumulation. ✅ Recent bounce from the lower trendline has taken price back to the upper boundary of the triangle. ✅ RSI (14) at ~59 is above the midline and trending upward, indicating improving bullish momentum without being overbought. ✅ Multiple tests of resistance typically weaken supply, increasing the probability of an upside breakout. Key Levels Resistance Zone: ₹1,280 - ₹1,290 Breakout Confirmation: Sustained move above ₹1,290 with volume Immediate Target: ₹1,320 Extended Targets: ₹1,350 and ₹1,380 Support Zone: ₹1,260 Pattern Invalidation: Hourly close below ₹1,240 Trading Strategy Aggressive Entry: Current levels near ₹1,275-1,280 Conservative Entry: After a confirmed breakout above ₹1,290 Stop Loss: ₹1,240 Risk-Reward: Approximately 1:2.5 to 1:4 depending on target selection Outlook The structure remains constructive as long as the stock holds above the rising support line. A decisive breakout above the triangle resistance could trigger the next leg of the uptrend towards the ₹1,320-1,350 region in the near term. Traders should watch for a volume expansion on breakout for higher conviction. Disclaimer: This is a technical analysis based solely on price action and chart structure, not investment advice. Manage risk appropriately. #UNOMINDA #NSE #TechnicalAnalysis #SwingTrading #BreakoutTrading #PriceAction #IndianStockMarket #TradingView #Bullish #StockMarketIndia