ICICIBANK trade ideas
IBNBRIEF-ICICI bank posts net profit of 46.16 bln rupees in April-June qtr
Icici Bank Ltd ICICIBANK :
* APRIL-JUNE NET PROFIT 46.16 BILLION RUPEES VERSUS 44.03 BILLION RUPEES (NOT 25.99 BILLION RUPEES) IN PREVIOUS QUARTER
* APRIL-JUNE GROSS NPA 5.15 % VERSUS 4.96% PREV QUARTER
* APRIL-JUNE NET NPA 1.16 % VERSUS 1.14% PREV QUARTER
Source text for Eikon: ID: Further company coverage: ICICIBANK
(Reporting by Manoj Kumar) ((manoj.kumar@thomsonreuters.com; +91(11) 4954 8029;))
ICICI Bank at crucial zoneWorld markets touching all time high or close to it. Bank nifty is laggard in this upward movement. For some days there is divergence in Nifty and BN. ICICI was firing for some time now. All world markets at or near to highest point & ICICI at crucial point of break out or break down.
Techno-Funda stock of the week - Icici BankThis is one of the stock all the investors should have in their portfolio. Yesterday Icici bank has finally given a up flag breakout after months of consolidation. This stock has great fundamentals too so please buy Icici bank for the targets of 768, 914.5, 1061, and 1151.5. The SL mentioned in the picture is for the short term traders. Investors should keep a deep SL as per their risk appetite.
View - Medium to long term
Duration - 1 year plus.
ICICIBANK Daily Bearish ALT Bat , VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
Buy ICICI Bank. ICICI bank has given clear breakout on daily chart. One can buy this stock for the target mentioned. However, I would recommend to hold this stock for medium to long term. On weekly chart, this stock has made a huge pole and flag structure. It will give breakout anytime soon. For weekly charts, targets are coming 900+. It’s a very good fundamental company so one can be interested in this stock without doubt.
View - Medium to long term. 1 year plus.