UJJIVANSFB: Formed a Cup & Handle Pattern

Ujjivan Small Finance Bank formed a Cup & Handle Pattern and started give breakout from 34 level.

Stock can be accumulated around 36-37 level.
T1 is expected at 38 and T2 is expected around 43. Overall expected target is 53
Set stoploss at 28 and increase the stoploss when stock moves up.

Pattern is tracked on weekly chart.


Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.

Trade active:

Breakout already happened

Comment:

First target of 38 is achieved.

Trade active:

Second target of 43 is also achieved.

Comment:

Price crossed 47 level...

Trade active:

Price crossed 52 level. Almost there.