EquityPandit’s Outlook for ICICI Bank for the week (Aug 26, 2019 – Aug 30, 2019)
ICICI Bank Ltd.
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on negative note losing –5.82%
Week High: 427.70
Week Low: 386.25
Week Range: 41.45 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 377 levels, Minor resistance on the upside is capped around 430 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 338 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 442
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 430 on upside and 370 on downside.