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

Share Market
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News18•22-01-2026, 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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