Buy ICICI Bank on dips: E Mathew
Published on Friday, September 19th, 2008 at 1:00 PMAuthor: admin (5507 Articles)
Technical Analyst, E Mathew is of the view that one should buy ICICI Bank on dips.
“At a cursory glance, ICICI Bank just looks like a squeeze but I should say chaotically there is still quite a long way to go though it has been a magnificent move up today. I think, it could be a buy on dips strategy now for ICICI Bank and an important bottom has been made in place. If one has got a heart especially if one could get the stock somewhere round about Rs 590-595 zone, this stock could provide great opportunity not only for traders but as well as investors. The target for this move is surely somewhere round about Rs 685-700 zone.”
Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.
Source : MoneyControl
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i need my bank statement in my mail id.