EquityPandit’s Outlook for ICICI Bank for the week  (Sept 23, 2019 – Sept 27, 2019)

ICICI BANK:

ICICI Bank Ltd.

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

Stock closed the week on positive note gaining 0.99%

Week High: 424

Week Low: 384.35

Week Range: 39.65Points

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 395 levels, Minor resistance on the upside is capped around 428 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 @ 388 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 @ 435

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 430 on upside and 384 on downside.