Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (Sept 07,2020 – Sept 11,2020)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 372.55 (NSE)
ICICI Bank closed the Week on negative note losing 9.06 %
Weekly High: 422
Weekly Low: 368.35
Weekly Range: 53.65 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 441 |
| RESISTANCE 1 | 407 |
| SUPPORT 1 | 352 |
| SUPPORT 2 | 333 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 352 levels, Minor resistance on the upside is capped around 407 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 @ 333 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 @ 441
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. . EquityPandit’s Predicts Range for the Weekly as 441 on upside and 333 on downside.
On daily chart we can see ICICIBANK share price are sustaining above the channel support line. In short trend price moves below this support line will indicate the bigger degree down move.
