Stocks

#24 Stock Update: Private Sector banks are at attractive valuations- ICICI Bank

ICICI bank has posted gud quartely numbers last week. Even technically also it has given the breakout of resistance line at 881 today at 9:53:00 am. As you could notice in the chart that line was tested almost 5 times so the resistance was strong which has been broken. Indicators on Daily chart are also suggesting to be biased on bull side. Stock is trading over all the moving averages which is a good support sign. We can go long on ICICI bank with stop loss of 840 but square off your positions today itself if it trades below 870. Upside tgt can be 913/980

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