Technical Analyst, Ashwani Gujral is of the view that one should book profits in ICICI Bank.
Gujral told CNBC-TV18, "ICICI Bank chart is a very weak chart though it has bounced back but it needs a significant amount of base building at lower levels. So if somebody bought at Rs 360, he/she probably needs to book profits right now and let it do some range trading around Rs 360 it becomes a good buy. The further resistance if it can cross Rs 460 is around Rs 518."
He further added, "Axis Bank is a much better chart. It is rangebound between Rs 550 and on the upper side around Rs 775-800. But the best private banking chart is the HDFC Bank chart and it’s consistently being showing strength. So if anyone needs to be in private banking HDFC Bank should be the choice."
Disclosure: Analyst doesn't hold the stock but have recommended it to the clients.
URBANEYE