UCO Bank can head upto Rs 130-131: Thacker

UCO Bank can head upto Rs 130-131, says Mitesh Thacker, Technical Analyst.

Thacker told CNBC-TV18, "We have seen good participation happening across the banking stocks and while these smaller ones have been slightly late to participate, I think uptrend clearly has been established. We have seen a very strong price action happening in UCO Bank a couple of days back and I think very clearly this stock is heading towards Rs 130-131 odd levels."
He further added, "Similarly we have been having a target of about Rs 54 which is the 200 day average for DCB. The only thing is that probably with a good rally already happening in the Nifty you might get a couple of days of consolidation and that could be a good buying point. So these stocks remains in a good uptrend, I think wait for a couple of days, there could be better entry points to re-enter the uptrend over here."