Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Aug 10,2020 – Aug 14,2020)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICI Bank Share Price: 357.95 NSE
Stock closed the week on positive note gaining 3.21%
Week High: 363.75
Week Low: 340.50
Week Range:23.25 Points
?Weekly Support & Resistance Levels for ICICI Bank Ltd.
| RESISTANCE 2 | 377 |
| RESISTANCE 1 | 367 |
| SUPPORT 1 | 344 |
| SUPPORT 2 | 331 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 344 levels, Minor resistance on the upside is capped around 367 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 @ 331 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 @ 377
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the week as 377 on upside and 331 on downside.
In current technical set up ICICIBANK price are moving in well channelized manner and we can see rally towards upside from exact support channel. Stock managed to close above band Bollinger.
