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ICICI Bank

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 15, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Icici bank has crossed the major resistances and yesterday it break out with volume because of nifty gap up.
    I think it can buy above 1010 with stop loss 978 for the target of 1055-1084-1101.
    share ur views.
     

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    sanjay_sansanwal, Sep 15, 2012
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  2. sujan4bw

    sujan4bw Member

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    Hi Sanjay,

    If Gap up momentum continue even on monday then for sure it touches mentioned targets.

    else considering next spike after consolidation should also be fine.

    Regards
    Sujan
     
    sujan4bw, Sep 15, 2012
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  3. tarak_desai

    tarak_desai New Member

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    I guess RBI will decide rate cuts on Monday? any such cuts and banks will zoom UP.
     
    tarak_desai, Sep 15, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Banks are expected to show momentum and so ICICI should be good bet but then the Gap up was a big big gap and so stock would come down to fill that gap and so make sure you are not betting on this stock long term
     
    shabbir, Sep 16, 2012
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  5. amitmanel

    amitmanel New Member

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    Hello Shabbir,

    Any clues, would icici reach 1100 , and then would come down from there to fill up the gap .
     
    amitmanel, Sep 17, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Too difficult to predict that but if any stock gives so much gap up it starts moving up and it would be foolish to predict the top. Rather ride the upswing but don't be too much optimistic and not take profit.
     
    shabbir, Sep 17, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Near to the final target.
     
    sanjay_sansanwal, Sep 21, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Market is becoming more volatile so I have revised my stoploss to 1070.
     
    sanjay_sansanwal, Sep 24, 2012
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