EquityPandit’s Outlook for ICICI Bank for the week  (Feb 24, 2020 – Feb 28, 2020)

ICICI BANK:

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

Stock closed the week on positive note gaining 0.22%

Week High: 549.35

Week Low: 536

Week Range: 13.35 Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 541 levels, Minor resistance on the upside is capped around 549 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 @ 540 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 @ 551.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the week as 580 on upside and 510 on downside.

Weekly Pivot Levels: