Any rally in ICICI shares an exit opportunity: analyst

Tue Nov 20, 2012 5:13pm IST

An employee's shadow is cast on the ICICI Bank logo at their headquarters in Mumbai April 26, 2012. REUTERS/Vivek Prakash/Files

An employee's shadow is cast on the ICICI Bank logo at their headquarters in Mumbai April 26, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

Reuters Market Eye - Technical analysts say any rally in ICICI Bank (ICBK.NS) provides an opportunity to exit the stock after the lender has made a head and shoulders technical pattern.

AK Prabhakar, an analyst at brokerage Anand Rathi, says the stock could target 860 rupees from current levels after the H&S pattern.

ICICI shares ended up 0.3 pct at 1024.30 rupees.

ICICI Bank touched a low of 866.75 rupees on October 5, when a misplaced basket trade from a broker at Emkay Global Financial Services (EMKS.NS) led to a market plunge.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage