AU Small Finance Bank share price hits new 52-week high; what’s next target?
AU Small Finance Bank share price rose nearly 2% on Thursday, reaching a new 52-week high. Since the beginning of June, AU Small Finance Bank share price has been experiencing a bull run, where AU Small Finance Bank shares have hit fresh 52-week highs five times.
Anshul Jain, Head of Research at Lakshmishree Investments said that following a fresh 52-week high on 6th June, the stock entered a tight 6-day flag formation, which is now resolving to the upside. Both the consolidation and breakout volumes have remained supportive, suggesting healthy participation. The technical setup indicates strength, and a breakout above the recent flag pattern projects a target of ₹875 in the near term as momentum builds further.
Shares of AU Small…
