Buy UCO Bank: Mitesh Thacker
It is the smaller PSU banks which have now come into focus, the UCO Bank, the Vijaya Bank, Dena Bank. Excellent price patterns over there.
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| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his stock recommendations
What is the call on Oriental Bank of Commerce?
The stock in the last couple of attempts has failed to get past Rs 305-306. It is the smaller PSU banks which have now come into focus, the UCO Bank, the Vijaya Bank, Dena Bank. Excellent price patterns over there. We are seeing some kind of short term crossover on the moving averages. I would be buying these 3 banks compared to even the larger PSU banks which is State Bank of PNB or Bank of Baroda.
What is the call on Oriental Bank of Commerce?
The stock in the last couple of attempts has failed to get past Rs 305-306. It is the smaller PSU banks which have now come into focus, the UCO Bank, the Vijaya Bank, Dena Bank. Excellent price patterns over there. We are seeing some kind of short term crossover on the moving averages. I would be buying these 3 banks compared to even the larger PSU banks which is State Bank of PNB or Bank of Baroda.
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