ICICI Bank shares rise over 2% after June quarter earnings
ICICI Bank: The brokerage has a target price of ₹800 for this banking stock, implying an upside of 18 percent. Stop loss at ₹570 and entry range of ₹655-635, said the brokerage. The stock is approaching 620 mark which is a very strong demand zone as per the pitchfork tool. This zone is also the 161.8 percent retracement of the previous move. We saw the data from 2016 and found that whenever the RSI of ICICI Bank went below 30 mark there has been a bottom formation most of the times and this time too the RSI is below 30, the brokerage house said.