ICICI Bank hits near 9-month low; technicals suggest further downside
Updated : July 16, 2018 02:37 PM IST
Shares of ICICI Bank were trading at Rs 258.00, lower by 3.75 percent or Rs 10.05 at 1.11 pm.
Stock breaks below a support at Rs 264.1, the 50 percent Fibonacci projection level of the correction from January 29 high to April 2 low.
Stock’s wave pattern suggests it’s in wave C of a three-wave correction.