04-12-2023 11:23 AM | Source: Religare Broking Ltd
Stock of the day : ICICIBANK Ltd For Target Rs.32 - Religare Broking
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ICICIBANK Ltd
* We are seeing noticeable recovery in the selective private banking pack and ICICIBANK is expected to catch up with the move.
* It has registered a breakout from bullish reversal price pattern and reclaimed its short term moving average.
* Price pattern coupled with uptick in volumes suggests bullish tone to continue.
* We thus recommend creating longs through the Call option
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