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Icici

ICICI PRUGreat run up since the IPO in September 2016. However since then its trading in a band of 300 - 550. The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing. The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape? I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!
NSE:ICICIPRULIShort
by SWFguy
ICICIBANK | CHART#13ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations. *Stock Analysis* -- Stock made a breakout at 490 levels. If it sustains then it can move up to 550 levels. -- Good Volume confirmation -- RSI Indicator above 50(on Daily chart) shows a buy sign -- Once it touch 550 level there is a possibility of retracement up to 490 levels. *Important Levels to Watch* -- Entry 505 -- Target @ 545 -- SL @ 490 NOTE : Enter only if the scrip sustains 500 level next trading day. Good Luck Investors❗ -GokulHari
NSE:ICICIBANKLong
by GokulHari
ICICI Securities: Chart set up and viewICICI Securities Closing Price 448.10 Observations - the stock was amongst the first to surpass the pre Covid highs in July - however since then it has been in downward slope - the yellow zone is an important support zone - it also coincides well with 38.3% Fibonacci support levels - the stock may be in consolidation mode as for now Given the set up a trade Any dips towards the yellow zone may be looked as an opportunity to accumulate from medium term perspective Closing above the red trend line would give confidence to bulls of new rally starting in the stock and we might see some Momentum in the price movement. Target in that case could be around 524 odd levels. Sustaining above that would open doors for next target of 572 On the lower side one needs to be very cautious especially if the Blue line is taken out. It looks like the last guard of support and below that Bears might have an upper hand
NSE:ISEC
by indiamarketoutlook