See 10% upside in City Union Bank: Amit Harchekar

Harchekar told CNBC-TV18, "Most of the midcap stocks were down close to 20-30% from their yearly lows and that is why good bargain buying, which has happened at lower levels. They are into a good retracement zone."

He further added, " City Union Bank  has given some good breakout on the weekly chart and that is projecting an upside more than 10%. So the action is more stock specific from a midcap perspective and while in largecap the trading action is more of sideways with negative bias."

Disclosures: We have recommended some of the stocks to our clients but no personal holdings.