EquityPandit’s Outlook for ICICI Bank for the week  (July 13,2020 – July 17, 2020)

ICICI BANK:

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

Stock closed the week on Negative note losing 0.18%

Week High:379

Week Low: 359

Week Range: 20 points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 354.50 levels, Minor resistance on the upside is capped around at 368 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 @ 348 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 @ 373

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 373 on upside and 348 on downside.

WEEKLY PIVOT LEVELS: