Good times for Small Banks ahead! With the interest cycle turning in their favor, they could be making super profits going ahead...
technically USFB is in a downward sloping channel and is fighting its way up breaking above a flag and pole with the first target coming to Rs. 29.60/- support available at 23.80 to add more if it comes there with stoploss at close below Rs. 22.30/- If it does manage to break out from the parallel channel on WCB then bigger targets come into play... may be profitable to get in early on this one as it faces many headwinds ahead
technically USFB is in a downward sloping channel and is fighting its way up breaking above a flag and pole with the first target coming to Rs. 29.60/- support available at 23.80 to add more if it comes there with stoploss at close below Rs. 22.30/- If it does manage to break out from the parallel channel on WCB then bigger targets come into play... may be profitable to get in early on this one as it faces many headwinds ahead