Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (June 05, 2021 – June 11, 2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 642.70(NSE)
ICICIBank closed the Week on Flat Note
Weekly High: 665
Weekly Low: 639.40
Weekly Range: 25.60 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 674 |
| RESISTANCE 1 | 658 |
| SUPPORT 1 | 633 |
| SUPPORT 2 | 624 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 633 levels, Minor resistance on the upside is capped around 658 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 @ 624 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 @ 674
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 674 on upside and 624 on downside.
We can see on daily chart stock prices are moving in the form of speaker pattern. Stock seems to be sideways to positive. Stock can take support from 624-626 levels.
