ICICIBANK LONG
ICICIBANK ~ Stock trading above 30 Week EMA
~ Demand seen at 970-990 levels
~ Consolidating with high demand
~ Flag & Pole Pattern BO and retested
~ Fundamentals -
* EPS QOQ increasing
* EPS YOY increasing by 25.08%
* Sales YOY Increasing by 29%
* Annual EPS Growth 67% TTM
* DII increasing stakes
* ROE - 15.2%, ROCE - 5.85%
~ Overall bullish on Banking Sector as
Bank Nifty is taking support at 30
Week EMA
T1 - 1210
This is for educational purpose. Do your own study before investing.
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