IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 910 in its September 7, 2011 research report.
“ICICI Bank has retraced almost 50% of weekly ‘morning star’ pattern on Tuesday’s trading session and closed near day’s high. This has terminated the consolidation phase in the counter and the stock is on its way to attempt the neckline of inverted ‘head and shoulder’ pattern which it broke earlier. The maximum potential upside is seen at Rs1000 on an up move above Rs 935 in the near term. We recommend buying stock in the range of Rs 880-882 with stop loss of Rs 868 for target of Rs 910.(Duration 5 Days),” says IIFL research report. .... IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 910 in its September 7, 2011 research report.
“ICICI Bank has retraced almost 50% of weekly ‘morning star’ pattern on Tuesday’s trading session and closed near day’s high. This has terminated the consolidation phase in the counter and the stock is on its way to attempt the neckline of inverted ‘head and shoulder’ pattern which it broke earlier. The maximum potential upside is seen at Rs1000 on an up move above Rs 935 in the near term. We recommend buying stock in the range of Rs 880-882 with stop loss of Rs 868 for target of Rs 910.(Duration 5 Days),” says IIFL research report.
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“ICICI Bank has retraced almost 50% of weekly ‘morning star’ pattern on Tuesday’s trading session and closed near day’s high. This has terminated the consolidation phase in the counter and the stock is on its way to attempt the neckline of inverted ‘head and shoulder’ pattern which it broke earlier. The maximum potential upside is seen at Rs1000 on an up move above Rs 935 in the near term. We recommend buying stock in the range of Rs 880-882 with stop loss of Rs 868 for target of Rs 910.(Duration 5 Days),” says IIFL research report. .... IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 910 in its September 7, 2011 research report.
“ICICI Bank has retraced almost 50% of weekly ‘morning star’ pattern on Tuesday’s trading session and closed near day’s high. This has terminated the consolidation phase in the counter and the stock is on its way to attempt the neckline of inverted ‘head and shoulder’ pattern which it broke earlier. The maximum potential upside is seen at Rs1000 on an up move above Rs 935 in the near term. We recommend buying stock in the range of Rs 880-882 with stop loss of Rs 868 for target of Rs 910.(Duration 5 Days),” says IIFL research report.
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