ICICIBANK Weekly Outlook and Analysis:
For the Week: (Dec 13,2021 – Dec 17,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 758 (NSE)
ICICIBank closed the Week on Positive Note Gaining 5.82%
Weekly High: 763
Weekly Low: 707.50
Weekly Range: 55.50 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 798 |
| RESISTANCE 1 | 778 |
| SUPPORT 1 | 723 |
| SUPPORT 2 | 688 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 723 levels, Minor resistance on the upside is capped around 778 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 @ 688 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 @ 798
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 798 on upside and 688 on downside.
