EquityPandit’s Outlook for ICICI Bank for the week  (May 11, 2020 – May 15, 2020)

ICICI BANK:

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

Stock closed the week on negative note loosing -11.10%

Week High: 379.90

Week Low: 330.85

Week Range: 49.05 Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 315.10 levels, Minor resistance on the upside is capped around at 393 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 @ 281.50 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 @ 408.50

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as408.50 on upside and 281.50 on downside.

Weekly Pivot Levels: