EquityPandit’s Outlook for ICICI Bank for the week (Oct 14, 2019 – Oct 18, 2019)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on positive note gaining 3.37%
Week High: 438.40
Week Low: 411.50
Week Range: 26.9 Points
ICICI Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 424 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 @ 422 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 @ 430.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the week as 435 on upside and 420 on downside.