Hot stock tip! ICICI Bank share price to soar, give up to 15% returns in just 30 days; Here is how to make a profit
ICICI Bank share price can hit Rs 595 to Rs 600 in short-term means one-month time horizon, say stock market experts.
ICICI Bank share price has soared to its all-time high in recent trade sessions and it is now awaiting profit-booking. In the banking space, Bank Nifty has started to correct in the face of FIIs getting cautious ahead of the US-China trade talks scheduled for 15th December and US Fed meeting today, According to the stock market experts, ICICI Bank shares are still bullish and after these two triggers, there can be a further rise. They are of the opinion that in short-term, means one month, one can expect up to 15 per cent rise from current levels of ICICI Bank shares.
Speaking on ICICI Bank share price outlook, Simi Bhaumik, a SEBI registered technical equity analyst said, "The ICICI Bank share price is overall bullish. One can buy ICICI Bank shares at current levels for the upside swing of around 10-15 per cent in short-term perspective, means in near one month. However, one must maintain the stop loss at around Rs 520 while taking a buying position in the ICICI Bank stocks."
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Suggesting share market investors maximise their returns in current Bank Nifty correction, Prakash Pandey, MD & CEO at Plutus Advisors said, "Bank Nifty has started to witness profit booking but the ICICI Bank shares have still held their ground. I am expecting some profit-booking in the ICICI Bank stocks as it has scaled to its all-time high in recent Bank Nifty surge to above 32,000 levels. I would suggest stock market investors wait for around 2 per cent correction in the ICICI Bank shares as Bank Nifty may touch 30,800 levels in coming trade sessions."
Pandey suggested share market investors wait for few trade sessions and buy ICICI Bank share at around Rs 515 levels for a target of Rs 595 to Rs 600. However, he also advised share market investors to maintain the stop loss at Rs 498 per stock levels while buying ICICI Bank shares.
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