Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 533.80 (NSE)
ICICIBank closed the Week on Negative Note Losing 1.69%
Weekly High: 561.00
Weekly Low: 528.90
Weekly Range: 32.10 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 573 |
| RESISTANCE 1 | 553 |
| SUPPORT 1 | 521 |
| SUPPORT 2 | 509 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 521 levels, Minor resistance on the upside is capped around 553 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 @ 509 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 @ 573
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 573 on upside and 509 on downside.
As seen on daily chart ICICI Bank is trading in the form of Double top pattern .To continue with move down, break below 530 on closing basis is required.
