Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Sept 04,2020 – Sept 18,2020)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 370.50 (NSE)
ICICIBank closed the Week on flat note
Weekly High: 381.30
Weekly Low: 361.90
Weekly Range: 19.40 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 390 |
| RESISTANCE 1 | 380 |
| SUPPORT 1 | 361 |
| SUPPORT 2 | 352 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 361 levels, Minor resistance on the upside is capped around 380 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 @ 352 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 @ 390
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the Weekly as 390 on upside and 352 on downside.
On daily chart we can see ICICIBANK share price are manage to close above trend line. In short trend price moves below l361 level will indicate the bigger degree down move. Apart from this no other formations were noticed.
