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ICICI Bank has target of Rs 946: Bose

Published on Thu, May 15, 2008 at 16:50 , Updated at Thu, May 15, 2008 at 18:36
Source : CNBC-TV18

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Technical Analyst, Rajat K Bose is of the view that ICICI Bank, the next target would be something like Rs 946 for the short-term traders.

Bose told CNBC-TV18, "I track ICICI Bank pretty closely and I have given a buy call this morning on ICICI Bank that is the disclosure from my side. ICICI Bank is now trading above that critical level as per my studies is Rs 923 and it is closing above that so it looks pretty good. In fact the next target would be something like Rs 946 for the short-term traders and if it really stays above that then one might see it going upto something like Rs 972 to about Rs 991 but it depends if it were to really stay above Rs 946 then only those targets will be achieved."

Disclosure: It is safe to assume that analyst and his clients may have an interest in the stocks/sectors discussed.

 

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 878.35 928.70 50.35 5.73
5-Days 891.30 928.70 37.40 4.20
7-Days 918.85 928.70 9.85 1.07
15-Days 901.30 928.70 27.40 3.04
1-Month 806.90 928.70 121.80 15.09
3-Month 1162.35 928.70 -233.65 -20.10
6-Month 1277.90 928.70 -349.20 -27.33
9-Month 877.65 928.70 51.05 5.82
1-Year 870.05 928.70 58.65 6.74

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