Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (March 29,2021 – April 02,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 578.55 (NSE)
ICICIBank closed the Week on Negative Note Losing 1.38%
Weekly High: 589.25
Weekly Low: 557.10
Weekly Range: 32.15Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 606 |
| RESISTANCE 1 | 592 |
| SUPPORT 1 | 560 |
| SUPPORT 2 | 542 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 560 levels, Minor resistance on the upside is capped around 592 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 @ 542and 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 @ 606
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 606 on upside and 542 on downside.
Present structure shows that Price closed above 100 EMA support which is a sign of bullishness for the coming session as long as lower this support is intact on downside. To continue with up move, break above week high near 590 on closing basis is required.
