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

Tue Nov 20, 2012 3:02pm IST

Related Topics

Stocks

   

* 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)
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

REUTERS SHOWCASE

TCS Results

TCS Results

TCS net profit rises 51.5 percent, sees stronger sales growth.  Full Article | Quote 

Google Results

Google Results

Google Q1 revenue misses Wall Street targets.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Sparking Boom

Sparking Boom

BlackBerry: the crash that launched 1,000 start-ups.  Video 

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Reuters India Mobile

Reuters India Mobile

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