Ucobank....... it sounds that we shld avoid...True.. it was in correction mode after wave 1 rock ...from 2000 to 2011 15 to 150+++ A 11 year journey n seen correction 5.5years.....
*Now technical front stock rising abv 200dma.. n at 37+..*
*Npa r sold off .. 2016 year was of loss every quarter ..though sales rised...*
*Recently raised bonds 1100cr which Lic will buy... credit growth ahead is good... bad loans factored in...*
*37+ expecting 60-78-88- at 88 some timebased consolidation n brkouts for 160.. 235--305--- span of 2-5years ... 1-2.5 yr it will take to reach 160 n frm 160-300 another 3 yrs...*
*With impulse wave goods news to come...
Facevalue 10 means eq r same frm start*
#denimpositional #ucobank
Just for study... follow ur investment advice if u invest.....
