UJJIVAN SMALL FINANCE BANK ANALYSIS

THIS IS MY CHART OF THE WEEK PICK

FOR LEARNING PURPOSE

UJJIVAN SMALL FINANCE BANK LTD- The current price of UJJIVAN is 52.02 rupees

I am going to buy this stock because of the reasons as follows-

1. It made a 52W high by breaking avery strong resistance and volume is good too.

2. It got a great buying force and moved up by 365% in Mid 2022- Dec 2023 (which shows smart money)

3. It is showing better relative strength as it stood strong in volatile times including last few weeks.

4. The risk and reward is favourable. The good part- The stock is not extended.

5. The stock can do great if it breaks its IPO listing high around 63 rupees.

6. The stock has got a good catalyst and that is- Mutual Funds have increased their stake in this stock. They have gone aggressive in that.

7. Another good part- The sector is looking bullish. Banking sector is getting better.

I am expecting more from this in coming weeks.
I will buy it with minimum target of 45-50% and then will trail after that.
My SL is at 45.3 rupees.
I will be managing my risk.