EquityPandit’s Outlook for ICICI Bank for the week  (Dec 09, 2019 – Dec 13, 2019)

ICICI BANK:

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

Stock closed the week on positive note gaining 12.2%

Week High: 537.50

Week Low: 715

Week Range: 32.85Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 522 levels, Minor resistance on the upside is capped around 531 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 @ 519 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 @ 535.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the week as 538 on upside and 500 on downside.