Signals, Powered By EquityPandit
ICICIBANK Weekly Outlook and Analysis:
For the Week: (May 31,2021 – June 04,2021)
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
ICICIBank Share Price : 643.05(NSE)
ICICIBank closed the Week on Flat Note
Weekly High: 660
Weekly Low: 638
Weekly Range: 22 Points
Weekly Support & Resistance For ICICI Bank:
| RESISTANCE 2 | 670 |
| RESISTANCE 1 | 657 |
| SUPPORT 1 | 634 |
| SUPPORT 2 | 625 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 634 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 @ 625 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 @ 670
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 670 on upside and 625 on downside.
We can see on daily chart stock price are sustaining above trend line support. A bearish engulfing pattern occurred on the candles. Price can take support near 636 levels.
