ICICI Bank may target 860 rupees - analyst
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Last Updated: Tue, Nov 20, 2012 17:21 hrs
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.
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