Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Jan 18,2021 – Jan 22,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 543.00 (NSE)
ICICIBank closed the Week on Flat note
Weekly High: 561.00
Weekly Low: 535.00
Weekly Range: 26.00 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 571 |
| RESISTANCE 1 | 557 |
| SUPPORT 1 | 531 |
| SUPPORT 2 | 520 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 531 levels, Minor resistance on the upside is capped around 557 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 @ 520 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 @ 571
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 571 on upside and 520 on downside.
As seen on daily chart ICICI Bank is sustaining above trend line support. Stock formed a bearish candle on the daily chart. For the near term Level 540 will act as support for stock.
