EquityPandit’s Outlook for ICICI Bank for the week (Oct 7, 2019 – Oct 11, 2019)
ICICI Bank Ltd.
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on negative note losing–8.04%
Week High: 445.15
Week Low: 412.20
Week Range: 32.95Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 410 levels, Minor resistance on the upside is capped around 416levels.
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 @ 407 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 @ 425
Stock is trading above 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 430 on upside and 400 on downside.