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By EquityPandit

ICICIBANKMARKET OUTLOOKSTOCK OUTLOOK

ICICI Bank Outlook for the Week (August 14, 2023 – August 18, 2023)

ICICI Bank closed the previous week on a negative note losing 3.71%.

Technically, ICICI Bank share price will see immediate support at 939.70 and immediate resistance would be seen at 976.30.

If ICICI Bank share price closes below immediate support of 939.70, then sharp breakdown can be seen. ICICI Bank share price will see major support at 926.55 for the week.

1010.001010.001000.001000.00990.00990.00980.00980.00970.00970.00960.00960.00950.00950.00940.00940.00Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 970.05BuySellSell

On the positive side, immediate resistance will be seen at 976.30. Closing above 976.30, ICICI Bank share price will see a sharp breakout. Major resistance for ICICI Bank share price will be seen at 999.75 for the week.

Trading range for ICICI Bank share price for this week should be between 903.10 on down side and 1,012.90 on up side.

ICICI Bank Previous Week High: 986.6

ICICI Bank Previous Week Low: 950

ICICI Bank Previous Week Range: 36.6 Points

ICICI Bank share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 1,012.90
Resistance 2 999.75
Resistance 1 976.30
Support 1 939.70
Support 2 926.55
Support 3 903.10

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