ICICI Bank – Strong Breakout on Weekly Charts

ICICIBankBlog

ICICI Bank :

 

As per the weekly Charts the stock seems to be on a major breakout. Could become a leader for the Index.

6 Comments

  1. hesh
    September 7, 2010

    Hi dear nooresh,

    You glad to know that before your analysis i already analysis of icici bank when it near 1000 that this stock will move to 1090-1150-1210. Here is my statement.

    I am positive on ICICI BANK for medium term. We see upside tgt of icici bank 1090-1150-1210 stoploss should be 905-15. Here is chart for detail view. date 2-9-2010

    He$H…

    Reply
    1. nooresh
      September 8, 2010

      Great Hesh

      Reply
  2. shivaji
    September 8, 2010

    hi nooresh as per my analysis strong breakout is seen only above 1050 and i see 1250 above 1050 for medium term …as of now icici bank trading below breakout level of 1050 and hence its not a breakout yet….. pl comment on my analysis….

    Reply
    1. nooresh
      September 9, 2010

      Hi Shivaji,

      ICICI Bank should breakout in coming weeks

      Reply
  3. hesh
    September 8, 2010

    thanks nooresh for +ve reply. I got confidence after that. Karutari global i look +ve above 24 small spike till 28. & some bottom out stocks will U turn shortly. Punj llyod 112, Rnrl 38, Bartronics 103(hit today 120 with +18%)

    Thanks.

    Reply
    1. nooresh
      September 9, 2010

      Hi Hesh,

      Karuturi will wait.

      Punj and others are bounce backs and may not sustain for few sessions. Prefer low risk ones

      Reply

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