ICICI Bank will remain under pressure: Bhambwani

120439 Investors following ICICI Bank. Share this News with them.

0

Like this story, share it with millions of investors on M3

ICICI Bank will remain under pressure: Bhambwani

Technical Analyst, Vijay Bhambwani feels that ICICI Bank will remain under pressure. It has more downside to it, but the rapidity of the fall will not be as much as it was in the last couple of quarters and if you are willing to wait for a year then there is hope of getting prices higher than what they are today.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS ICICI Bank among major losers ICICI Bank among major losers ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about ICICI Bank See messages about ICICI Bank ICICI Bank BSE | NSE 28/05/12 Are Mutual Funds betting on ICICI Bank?

Technical Analyst, Vijay Bhambwani feels that ICICI Bank will remain under pressure.

Bhambwani told CNBC-TV18, "In ICICI Bank in the absolute short to medium term I don't think sliding significantly from here; it's already bled almost to death as far as getting oversold is concerned and the stock will remain under pressure. It has more downside to it, but the rapidity of the fall will not be as much as it was in the last couple of quarters and if you are willing to wait for a year then I think there is hope of getting prices higher than what they are today."

Disclosure: Analyst doesn't hold the above stock.