ICICIBANK Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

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

ICICI BANK SHARE PRICE : 346.80 NSE

Stock closed the week on negative note losing 9.16%

Week High: 385.80

Week Low: 340.40

Week Range: 45.40 Points

?Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 330 levels, Minor resistance on the upside is capped around 375 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 @ 313 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 @ 403

Stock is trading below200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 403 on upside and 313 on downside.

On daily chart we can see ICICIBANK share price are sustaining above the channel support line. In short trend If price moves below this support we can see more weakness towards downside .

ICICIBANK Weekly Support  & Resistance Levels: