MARKET EYE-India's ICICI Bank may target 860 rupees-analyst

Tue Nov 20, 2012 3:02pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Technical analysts say any rally in ICICI Bank 
provides an opportunity to exit the stock after the lender has
made a head and shoulders technical pattern.
* AK Prabhakar, an analyst at brokerage AnandRathi, says the
stock could target 860 rupees from current levels after the H&S
pattern.
* ICICI shares last down 0.1 percent at 1020.30 rupees.
* ICICI Bank touched a low of 866.75 rupees on Oct. 5, when a
misplaced basket trade from a broker at Emkay Global Financial
Services led to a market plunge. 

 (abhishek.vishnoi@thomsonreuters.com)
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