Any rally in ICICI shares an exit opportunity: analyst
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.
- Tweet this
- Share this
- Digg this
Trending On Reuters
Monetary Policy Committee
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made. Full Article
PM Modi to ramp up help for Indian Ocean nations to counter China influence Full Article