Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Feb 28, 2022 – March 04, 2022)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 730.05 (NSE)
ICICIBank closed the Week on Negative Note Losing 2.52%
Weekly High: 762.90
Weekly Low: 702.30
Weekly Range: 60.60 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 790 |
| RESISTANCE 1 | 761 |
| SUPPORT 1 | 700 |
| SUPPORT 2 | 670 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 700 levels, Minor resistance on the upside is capped around 761 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 @ 670 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 @ 790
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 790 on upside and 670 on downside.
