EquityPandit’s Outlook for ICICI Bank for the week (Nov 11, 2019 – Nov 15, 2019)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on positive note gaining 6%
Week High: 496
Week Low: 463
Week Range: 33 Points
ICICI Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 485 levels, Minor resistance on the upside is capped around 494 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 @ 480 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 @ 496.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the week as 530 on upside and 475 on downside.
Weekly Pivot Levels For ICICIBANK;