Small finance banks tend to perform well, especially during festive seasons when people buy a lot of electronic equipment. During these times, loan disbursements tend to rise. This trend is evident with companies like Bajaj Finance, which is approaching its all-time high. The same applies to Ujjivan Bank.
An advantage for Ujjivan Small Finance Bank is the potential for the real estate industry to experience a 20% growth in the third quarter alone.
Looking at the chart, it's anticipated that the neckline at 62.80 may be breached. If it successfully breaks through the 65 level with strong conviction, it might be a suitable time to consider buying, with a potential target of 121.
Please remember, this information is intended solely for educational purposes and should not be considered financial advice. Conduct thorough research (DYOR) before making any investment decisions.