EquityPandit’s Outlook for ICICI Bank for the week  (June 8, 2020 – June 12, 2020)

ICICI BANK:

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

Stock closed the week on positive note gaining 7.60%

Week High:373

Week Low: 332.50

Week Range: 40.50 Points

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 341.80 levels, Minor resistance on the upside is capped around at 373 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 @ 331.40 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 @ 380.70

Stock is trading above200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the week as 380.70 on upside and 331.40 on downside.

WEEKLY PIVOT LEVELS: