ICICI Bank appears to have resumed its up move after posting a short-term bottom at recent lows of Rs 275 levels. As momentum in broader markets is picking up with Bank Nifty also on the verge of a fresh breakout, this counter shall able to clear its immediate hurdle of Rs 295 with ease.
Once that happens it can head towards its initial targets of Rs 315. In anticipation of such a breakout positional traders are advised to buy into this counter for a target of Rs 315 with a stop of Rs 271.
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