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BQEdge | India’s Most Recommended Stock ICICI Bank Has A Speed Bump Ahead

Niraj Shah and Kannan Singaravelu share technical insights on why ICICI Bank may be in for some tough love ahead. 

Thai workers put a fresh coat of paint on a speed bump in a professionally managed, upmarket housing estate developed by Land & Houses Pcl. just outside of Bangkok. (Photographer: Stephen Shaver/Bloomberg News)
Thai workers put a fresh coat of paint on a speed bump in a professionally managed, upmarket housing estate developed by Land & Houses Pcl. just outside of Bangkok. (Photographer: Stephen Shaver/Bloomberg News)

BQEdge is specially curated for BQBlue subscribers. Every day this note will offer special equity market and stock-specific insights and flag select emerging trends in the tricky-to-trade derivatives market.

On Today’s Edition

  • Charts of ICICI Bank—India’s most recommended stock—suggest the lender may struggle to live up to street expectations, at least in the near-term.

Watch | ICICI Bank’s Charts Tell A Different Tale