Ujjivan Small Finance cmp 62.35 by Weekly Chart view since listeUjjivan Small Finance cmp 62.35 by Weekly Chart view since listed
- Support Zone 54.50 to 61.50 Price Band
- Resistance Zone 64 to ATH 68 Price Band
- Bullish Rounding Bottoms by Support Zone neckline
- Bullish Cup and Handle within the 2nd Rounding Bottom
- Falling Resistance Trendlines Breakout seems well sustained
- Volumes spiking and well above the average traded quantity
- Rising Price Channel has been well respected and also sustained
- High Target probable by Bullish Chart setup with Support Zone Breakout earlier Resistance Zone
Ujjivansmallfinancebank
UJJIVANSFB : LongThe price has broken out above a multi-month resistance level near ₹51, now trading at ₹53.52. The next visible resistance and target is set around ₹60.92.
The 10 EMA and 20 EMA (Exponential Moving Averages) are plotted as two closely tracking lines. The price is above both, indicating short-term and medium-term bullish momentum.
The 200 EMA acts as a long-term trend guide and support; the price is comfortably above this, strengthening the bullish case.
Volume bars show increased activity during the recent breakout, confirming buying interest which supports the strength of the move.
The MACD (Moving Average Convergence Divergence) consists of the MACD line (2.25), the Signal line (1.60), and the Histogram (0.65). The MACD line being above the Signal line and both above zero indicate strong bullish momentum.
The RSI (Relative Strength Index) reads 67.23, above the neutral 50 level and approaching the overbought zone (70). This shows heightened bullish momentum but warns that the asset is getting closer to an overbought condition.
Conclusion
1. Bullish breakout from multi-month consolidation, supported by rising price above all key EMAs.
2. Momentum is strong as shown by MACD and RSI, though RSI is nearing overbought territory.
3. Volume confirms the breakout, supporting the upward move.
4. Next resistance/target is projected near ₹60.92 as marked on the chart.
This setup favors continuation towards the next resistance, but minor pullbacks are possible as the RSI gets closer to overbought levels. Risk management should take the recent breakout point as a possible stop-loss reference.
UJJIVAN SMALL FINANCE BANK ANALYSISTHIS 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.
Ujjivan Small Finance cmp 50.24 by Weekly Chart view since listeUjjivan Small Finance cmp 50.24 by Weekly Chart view since listed
- Support Zone 41.25 to 45.75 Price Band
- Resistance Zone 52.25 to 56.25 Price Band
- Bullish Cup & Handle formed by Resistance Zone neckline
- Volumes spiking intermittently by a close sync with avg traded qty
Ujjivan Small Finance Bank Ltd stage 2 continuation breakoutUjjivan Small Finance Bank Ltd stage 2 continuation breakout
Entry 48-49
SL 43.7
Only for journaling, not a trading/investing tip.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal for learning before and after breakout.
Ujjivan Small Finance Bank cmp 51.35 by Daily Chart viewUjjivan Small Finance Bank cmp 51.35 by Daily Chart view
- Support Zone 43 to 45.75 Price Band
- Resistance Zone 52.25 to 54.75 Price Band
- Bullish Rounding Bottom with Resistance Zone neckline formed
- Bullish Head & Shoulder formed within the Rounding Bottom pattern
- Upside Target price level +/- 60 maybe considered based purely by technical chart pattern setup
Ujjivan Small Finance Bank cmp 40.32 Weekly Chart since listedUjjivan Small Finance Bank cmp 40.32 by Weekly Chart view since listed
- Falling Resistance Trendline Breakout
- Support Zone at 31 to 33.50 Price Band
- Resistance Zone at 44.50 to 48.50 Price Band
- Price trending along with the Rising Support Trendline
- Volumes are gradually building up over past few weeks
- Bullish Rounding Bottom formed near the 40-41 price level
- Positively setup Technical Indicators for EMA, MACD and RSI
- Weekly Support 33.50 > 25.50 > 19.50 with Resistance 48.50 > 56.50 > ATH 63
- Gap Down opening of 24-June-2024 would act on as a small hurdle to cross over
Ujjivan Small Finance Bank Builds Momentum for Rebound◉ Since its launch, the stock has faced a dramatic decline, dropped nearly 80% from its peak.
◉ Once it found support around the 12.5 mark, the stock began to rise again, formed an Inverted Head & Shoulders pattern in the process.
◉ After breaking out, the price surged to an all-time high near the 61 level, only to experience another notable drop.
◉ At present, the stock is trading at the previous breakout point and is expected to rebound shortly.
Ujjivan Small Finance bank good to study NSE:UJJIVANSFB
Its on Near to support of FIB ZONE
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
========================
Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
UJJIVANSFB: Formed a Cup & Handle PatternUjjivan 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.
ujjivan financial service 450 ?after a very good consolidation against trendline of falling wedge. we can se a break in trendline of ujjivan financial we can long this share at current price for 450
ULong
Ujjivan Financial Services Ltd. going to touch again 196 soonOn 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.
Short term target is 196 from the current level
Long term target is 250 in3 to 6 months
ULong
Ujjivan FInServ - Ready for UPMOVE with Small Risk Ujjivan FInServ - Ready for UPMOVE with Small Risk, Taking Support at a good level, if sustain then we may see good upmove from here
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