ICICI Bank Outlook for the Week (Dec 28,2020 – Jan 01,2021)


For the Week: (Dec 28,2020 – Jan 01,2021)

ICICIBANK

BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS

ICICIBank Share Price : 513.55 (NSE)

ICICIBank closed the Week on Negative note losing 0.69%

Weekly High: 515.95

Weekly Low: 488.20

Weekly Range: 27.75 Points

Weekly Support & Resistance For ICICI Bank:

RESISTANCE 2 533
RESISTANCE 1 522
SUPPORT 1 497
SUPPORT 2 477

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 497 levels, Minor resistance on the upside is capped around 522 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 @ 477 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 @ 533

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 533 on upside and 477 on downside.

As seen on daily chart ICICI Bank price seems to be sideways to positive. White body appeared on the candle. Stock price can move higher towards 525 levels as long as 488 stays protected on lower side.