Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Feb 01,2021 – Feb 05,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 537.00 (NSE)
ICICIBank closed the Week on Negative Note Losing 1.11%
Weekly High: 544.95
Weekly Low: 512.00
Weekly Range: 32.95 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 564 |
| RESISTANCE 1 | 550 |
| SUPPORT 1 | 517 |
| SUPPORT 2 | 498 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 517 levels, Minor resistance on the upside is capped around 550 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 @ 498 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 @ 564
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 564 on upside and 498 on downside.
On daily chart we can see ICICIBANK share price are sustaining above the support line. Stock seems to be sideways to positive .For the near term, the zone of 510 –511 has now become a temporary immediate support for the stock.
