Buy ICICI Bank Ltd

High Risk Buy ICICI Bank Ltd in the range of (Rs1160-1162) Target Rs1,225: After forming an inverted head & shoulder on the hourly chart, stock has signaled a breakout and has been sustaining above the breakout levels of Rs1160 quiet comfortably. With prevailing positive crossover in the RSI and stock closing above its 50 DMA, it has voided negative trend in the counter. One can also see a formation of H&S bottom in RSI which support buying argument in

the counter. We advise buying stock in the range of (Rs1,160-1,162) with stop loss of Rs1,225 for Target of Rs1,234