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Published on 14/05/2019 9:30:28 AM | Source: Religare Securities Ltd

Option Strategy ICICI Bank Ltd by Religare Securities

Posted in Broking Firm Views - Short Term Report| #ICICI Bank #Banking Sector #Trading Report #Religare Securities Ltd

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ICICI Bank Limited (ICICIBANK)

Mostly private banking majors are seeing decline and ICICI Bank is no different. It has recently witnessed breakdown from a consolidation range, after spending nearly one and half month. The chart pattern and positioning of indicators are signaling further fall ahead. We advise initiating fresh shorts position as per the mentioned levels through Put option.

Recommendation

BUY 370 PE ICICI Bank Limited @ 9-11 Stop Loss 6 Target 18 CMP 12.45

 

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