Buy UCO Bank and Karnataka Bank: Shardul Kulkarni
Amongst the midcap banks there are two stocks which we like one is UCO Bank. UCO Bank has given a good breakout in the past 3-4 trading session.
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| Updated: ET Now spoke to Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, about midcap banks.
What about midcap banks on the charts?
Amongst the midcap banks there are two stocks which we like one is UCO Bank. UCO Bank has given a good breakout in the past 3-4 trading session. It is consolidating post that breakout and we would expect the stock to move to around Rs.130, so UCO Bank will be one of the picks. The other one is Karnataka Bank wherein the volumes have picked up and we would say that on a weekly and monthly perspective the stocks look quite attractive so technically I would expect the stock to move 130-135 in the next probably four to six weeks so that would be the two picks.
What about midcap banks on the charts?
Amongst the midcap banks there are two stocks which we like one is UCO Bank. UCO Bank has given a good breakout in the past 3-4 trading session. It is consolidating post that breakout and we would expect the stock to move to around Rs.130, so UCO Bank will be one of the picks. The other one is Karnataka Bank wherein the volumes have picked up and we would say that on a weekly and monthly perspective the stocks look quite attractive so technically I would expect the stock to move 130-135 in the next probably four to six weeks so that would be the two picks.
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