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Last Updated : Oct 07, 2015 09:38 AM IST | Source: CNBC-TV18

Buy Canara Bank, opportunity in PNB, BoB: Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can buy Canara Bank and feels that there are opportunites also in Punjab National Bank and Bank of Baroda.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "PSU banks are giving us bullish head and shoulder patterns. These patterns are significant; they are telling us that a reversal of trend is taking place. A trend that was down all the way, at least for some time that trend is reversing on the upside."

"Canara Bank is a buy. Punjab National Bank (PNB) and Bank of Baroda (BoB) are all opportunities but Canara Bank had the neatest chart for today. I think it is not only a day trade; you look to buy and hold it for some time. PNB and Bank of Baroda are giving us the same pattern," he said.

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First Published on Oct 7, 2015 09:12 am
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