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

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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