Thursday, 25 February 2016

ICICI BANK LTD.

Sell ICICI Bank Ltd. with strict stop-loss of Rs.188/- with immediate target of Rs.178/- and Rs.174/-. The stock is currently trading at Rs.183/-.The stock is very weak on chart. Long term investor should wait  for fresh buy. The stock may test the level of Rs.156/-. Wait for settlement around these level. But in my view and current scenario I see this stock in double digit i.e. around Rs.76 to Rs.78/- level. If the stock breaches the level of Rs.150/- on closing basis then the stock will show strong selling pressure. 

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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