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
Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage