ICICI Bank Outlook for the Week (June 29, 2020 – July 03, 2020)


EquityPandit’s Outlook for ICICI Bank for the week  (June 29, 2020 – July 03, 2020)

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

Stock closed the week on negative note losing 4%

Week High:380

Week Low: 338.50

Week Range:41.5 Points

icicibank

ICICI Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 336 levels, Minor resistance on the upside is capped around at 369 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 @ 324 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 @ 380.60

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 380.60 on upside and 324 on downside.

 

WEEKLY PIVOT LEVELS:

RESISTANCE 2 397
RESISTANCE 1 373
SUPPORT 1 331
SUPPORT 2 314

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