ICICI Bank shares ride a cycle of fluctuations

Introduction:
ICICI Bank is the largest private sector bank in India and the second largest bank among all the banks of the country. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of channels and through its specialized subsidiaries.

Astrological Analysis:
Ganesha observes Sagittarius as rising ascendant of ICICI BANK LTD. There is a stellium of six planets in the first house– Venus, Mars, Sun, Mercury, Neptune and Uranus. Rahu is posited in the 12th house. Jupiter and Saturn are in the eleventh and the third house respectively. Moon is placedin Virgo sign.

Transit of Jupiter from the Ascendant brings prosperity and success to the company. Jupiter imbibes a culture that brings about an allround expansion. The company also plans and implements its expansion programmes with success. But Ganesha does not like Rahu’s transit from the second house. Natal Moon and the 10th house are under the aspect of transiting Rahu. Company may have to face unexpected expenses and troubles regarding new branches. Ganesha advises to do Rahu shanti on account of the transit of Rahu from the 2nd hosue. The phase after September 12, 2008 is very gainful.

Ganesha analyzes a sudden loss in its share price in past months. Total loss of Rs 735 is observed in the first quarter of calendar year, says Ganesha. Share price has come down from Rs 1455 which was noted as a 52 week high price. The share price may remain volatile between 969.88 and 722.36 during the next 2 months.

What Next?
The share price may remain volatile between 969.88 and 722.36 for next 2 months.

The phase after September 12, 2008 is very gainful.

Trade Indicator:
a) Short Term: Sell
b) Mid Term: Sell
c) Long Term: hold

Conclusion: Planetary forces are favorable except Rahu’s transit. But remedies can assist in keeping fundamentals more progressive.

With Ganesha’s Grace,
Malav Bhatt,
www.GaneshaSpeaks.com