UCOBANK

break down

UCO Bank has given a breakdown from a consolidation pattern from the last few weeks recently. The support Was at 28.50 while the stock is now much lower and further lower levels can be seen towards 22 and 18 in the short term. Any further selling pressure in the PSU bank can push uco bank towards much lower levels in the mid to long term. Hence it is better to avoid small-cap PSU banks.