EquityPandit’s Outlook for ICICI Bank for the week  (April 01, 2019 – April 05, 2019):

ICICI BANK:

ICICI Bank Ltd.

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

Stock closed the week on positive note gaining +1.85%.

Week High: 400.00

Week Low: 383.50

Week Range: 16.50

Technically on the daily charts EquitPandit’s analyst see minor support on the downside for ICICIBANK at 380- 377 levels, whereas minor resistance on the upside is capped around 405-407levels.

If ICICIBANK breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 355- 360 if ICICIBANK breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 425- 435.

Currently trend for the stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit predicts ICICIBANK range for the week is seen from 425- 435 on upside & 355-360 on downside.