EquityPandit’s Outlook for ICICI Bank for the week  (Nov 27, 2017 – Dec 01, 2017) :

ICICI BANK:

ICICI Bank closed the week on negative note losing around 2.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 318 to 320. Support for the stock lies in the zone of 307 to 310 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where break out levels are lying. During the week the stock manages to hit a low of 315 and close the week around the levels of 317.

Minor support for the stock lies in the zone of 315 to 318. Support for the stock lies in the zone of 307 to 310 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where break out levels are lying.

Resistance for the stock lies in the zone of 325 to 330 from where the stock has sold off in the month of March-2015. If the stock manages to close above these levels then the stock can move to the levels of 355 to 360 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 300 – 305 on lower side & 330 – 335 on upper side.