Signals, Powered By EquityPandit
EquityPandit’s Outlook for ICICI Bank for the week (July 27,2020 – July 31, 2020)
ICICI BANK:
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on positive note gaining 7.9%
Week High: 395.65
Week Low: 355.25
Week Range: 40.40 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 372 levels, Minor resistance on the upside is capped around 388.50 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 @ 366 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 @ 395
Stock is trading below200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 395 on upside and 366 on downside.
WEEKLY PIVOT LEVELS:
| RESISTANCE 2 | 417 |
| RESISTANCE 1 | 399 |
| SUPPORT 1 | 359 |
| SUPPORT 2 | 337 |
