Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Aug 24,2020 – Aug 28,2020)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 371.15 (NSE)
ICICIBank closed the Week on positive note gaining 2.70%
Weekly High: 375.85
Weekly Low: 354.35
Weekly Range: 21.50 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 389 |
| RESISTANCE 1 | 380 |
| SUPPORT 1 | 358 |
| SUPPORT 2 | 345 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 358 levels, Minor resistance on the upside is capped around 380 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 @ 345 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 @ 389
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the Weekly as 389 on upside and 345 on downside.
On the daily chart we can see ICICIBANK price are moving in the form of ascending triangle pattern. Stock seems to be sideways to positive . For the near term break above 376 levels will prices higher towards 386.
