BUY - UJJIVAN SMALL FINANCE BANK
CMP - Rs. 30
Target - 1: Rs. 42
Target - 2: Rs. 54
Technicals - Cup and Handle Pattern
This is just a view by an expert analyst, please invest at your own risk.
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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.
This idea is only for...
On the Daily chart, the Share holds a major support level near 130 and breaks the resistance with a high-volume candle. After more than 3 months of Staying between range and breaking it on Friday with ever seen such a volume candle. If he holds it and momentum continues as per the chart then it going to test again at 196 levels in the near future.