Breakout of Channel patternICICI has JUST POPPED out of the channel....and today 23rd Oct was the quarterly (Q2) earnings results of the bank....the bank has posted a 30% growth from same time last year - PAT grew to 5511 crores and more importantly outperformed Nifty Bank which grew 21% in the same period...another significant thing - Non Performing Assets ( NPA) is lowest since 2014...which is all good news but we have to wait and see how market reacts to this news...as we know when results are poor the stock shoots up and when results are good the stock does not find favour with the market makers...let us wait and see its opening on Monday. Targets are not marked but f it opens with a gap up then 792, 1016 are the long term targets.
