ICICI Bank shares rallying? Exit, says analyst

Technical analysts say any rally in ICICI Bank provides an opportunity to exit the stock after the lender has made a head and shoulders technical pattern.

AK Prabhakar, an analyst at brokerage Anand Rathi, says the stock could target Rs 860 from current levels after the H&S pattern.

ICICI shares ended up 0.3 per cent at Rs 1,024.30.

ICICI Bank touched a low of Rs 866.75 on October 5, when a misplaced basket trade from a broker at Emkay Global Financial Services led to a market plunge.

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