Use access key #2 to skip to page content.

inthemoneystock (< 20)

Alert: Mega Bounce On ICICI Bank Limited On Horizon

Recs

1

August 28, 2013 – Comments (0) | RELATED TICKERS: IBN

ICICI Bank Limited (NYSE:IBN) is an Indian bank. The Indian stock market has been crushed and this stock has fallen with it. This is one of the largest banks in India. ICICI Bank has fallen from $48.44 in May to its 52 week low of $24.94 today. The stock opened sharply lower and reversed. This reversal near the $24.50 major double bottom from 2011 shows a possible near term mega bounce in progress.

The bounce on ICICI should take the stock all the way back to $30.00. This opens up a great risk reward trade in the near term. Cheers!

Gareth Soloway
InTheMoneyStocks

 

0 Comments – Post Your Own

Featured Broker Partners


Advertisement