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News1822-01-2026, 06:45

Market Dips, PSU Bank Shares Soar: Top 3 Stocks to Watch for Up to 26% Gains

  • Despite a 4% Nifty fall, the Nifty PSU Bank Index gained 2.5% this month, outperforming the market.
  • Over the last five months, the Nifty PSU Bank Index has rallied by approximately 30%.
  • Bonanza analyst Drmil Vithlani recommends buying Union Bank of India, Bank of India, and Canara Bank shares.
  • Union Bank of India shows a 'symmetrical triangle breakout' with a target of over ₹200 (16.3% gain).
  • Bank of India exhibits a 'rounding bottom breakout' with a target of ₹200+ (26% gain), while Canara Bank targets ₹175-₹180 (19% gain).

Why It Matters: PSU bank stocks are showing strong bullish trends and significant growth potential despite market volatility.

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