EquityPandit’s Outlook for ICICI Bank for the week  (June 1, 2020 – June 5, 2020)

ICICI BANK:

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

Stock closed the week on positive note gaining 14.05%

Week High:334.30

Week Low: 290

Week Range: 44.30 Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 319.35 levels, Minor resistance on the upside is capped around at 338.35 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 @ 310.40 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 @ 347.25

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 347.25 on upside and 310.40 on downside.

Weekly Pivot Levels: