ICICI Bank has breakout above 850 after trading for last 1 month between the range 800 to 850. So 850 now stands as a support which might not be broken for the next atleast 10 working days unless and until some very bad news strikes on the global front. There might be some consolidated trading between 885 and 915 for some 3-5 days and then we might see the investors demand for the stock pulling the price of the stock towards 975 within the next 15 working days. A trade in the region of 885 to 890 could be used to invest in the stock with a short term view of 20 days. If the stock trades at 975, a 10% profit on investment could be booked.
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