ICICI Bank closed at the top of trend line.It also a double top.Last time its down trend started from here touched to Rs.180 from where the trend reversed.
The bank’s gross non-performing assets (NPAs) more than doubled to Rs32,178.60 crore in the three months ended 30 September from Rs15,857 crore a year ago. Gross NPAs made up 6.82% of the bank’s loan book, compared to 5.87% in the previous quarter and 3.77% in the year-ago quarter.Net profit growth to an anemic 2.37%.
The bank’s gross non-performing assets (NPAs) more than doubled to Rs32,178.60 crore in the three months ended 30 September from Rs15,857 crore a year ago. Gross NPAs made up 6.82% of the bank’s loan book, compared to 5.87% in the previous quarter and 3.77% in the year-ago quarter.Net profit growth to an anemic 2.37%.
Comment:
Icici bank positional Short.
Comment:
A minor support at 265 .option traders can exit here,As option expiry is near by .
Comment:
trying to hold 100 ma a sign of short term bounce.exit trade .hope every body enjoyed the un interrupted profit if yes please give a like