Ujjivan Small Finance Bank was trading below a falling trendline, facing repeated rejections that indicated sustained selling pressure. Recently, the stock has given a strong breakout above this descending trendline with a sharp bullish move, signaling a possible trend reversal. Rising volumes and higher lows support the breakout. If the price sustains above the breakout zone, further upside momentum can be expected in the near term.
Swing Trade Details:
- Share: Ujjivan Small Finance Bank Ltd.
- Share Price: 54.50 – 55.80
- Trade Type: Trendline Breakout
- Upside Potential: 5.00%
