ICICIBANK Weekly Outlook and Analysis:

For the Week: (April 26,2021 – April 30,2021)

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

ICICIBank Share Price : 569.95(NSE)

ICICIBank closed the Week on Positive Note Gaining 0.53%

Weekly High: 580.60

Weekly Low: 534.40

Weekly Range: 46.20 Points

Weekly Support & Resistance For ICICI Bank:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 543 levels, Minor resistance on the upside is capped around 588 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 @ 516 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 @ 606.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 606 on upside and 516 on downside.

Present structure shows that stock Prices are seen moving above the downward slopping channel .In short, stock seems to be side-ways to positive. A break above 581 can take price towards 595 or higher levels.