Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (May 24,2021 – May 28,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 642.45(NSE)
ICICIBank closed the Week on Positive Note Gaining 7.56%
Weekly High: 643.95
Weekly Low: 601.20
Weekly Range: 42.75 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 672 |
| RESISTANCE 1 | 657 |
| SUPPORT 1 | 614 |
| SUPPORT 2 | 586 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 614 levels, Minor resistance on the upside is capped around 657 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 @ 586 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 @ 672
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 672 on upside and 586 on downside.
We can see on daily chart stock is trading above trend line support. Stock looks to be positive. A bullish window occurred on the candles. Move towards 660 levels can be expected on upside.
