Business Standard

Axis Bank, SBI: 5 bank stocks that may give up to 10% return in a month

The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month

Public sector banks, bank credit
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Avdhut Bagkar Mumbai
State Bank of India (SBIN)
Likely target: Rs 530
Upside potential: 8%

The shares of banking major took support at its 50-day moving average (DMA), located at Rs 479 recently. As long as this support is defended, the positive bias may help resume an upward momentum towards Rs 530, its next major hurdle, according to the daily chart. The Moving Average Convergence Divergence (MACD) has reached near the zero line and if shows a similar reversal like stock price, the direction and leadership may show an aggressive bullish sentiment. C

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First Published: Nov 25 2021 | 11:51 AM IST

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