EquityPandit’s Outlook for ICICI Bank for the week  (June 15, 2020 – June 19, 2020)

ICICI BANK:

BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS

Stock closed the week on Negative note losing 3.63%

Week High:373.75

Week Low: 324.10

Week Range: 49.65 Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 331.70 levels, Minor resistance on the upside is capped around at 354 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag to- wards Major Support on lower side @ 320and 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 @ 364

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 364 on upside and 320 on downside.

WEEKLY PIVOT LEVELS: