UCO Bank may hit 70 levels in next 3-4 trading sessions: Devang Visaria

ET Now caught up with Devang Visaria, Chief Strategist, Devangvisaria.com, to get views on UCO Bank.

ET Now: UCO Bank is another one that you are liking on the charts, what's the call there?

Devang Visaria: UCO Bank again for the last four months just been consolidating between 65 and 54 levels that's a very healthy sign because in spite of some weakness which we saw earlier I think in the month of Jan a stock really didn't go below 54 levels. Any stock which consolidates for so long is bound to generate a spring like action on the upside something similar to what you saw on Allahabad Bank over the past two sessions I wouldn't be surprised if UCO Bank were to hit 70 levels over the next three or four trading sessions, because I mean the spring action should come into the stock very soon.