ICICI Bank Outlook for the Week (Nov 09,2020 – Nov 13,2020)


For the Week: (Nov 09,2020 – Nov 13,2020)

icicibank

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

ICICIBank Share Price : 442.80 (NSE)

ICICIBank closed the Week on positive note gaining 12.7%

Weekly High: 446.90

Weekly Low: 407

Weekly Range: 39.90 Points

Weekly Support & Resistance For ICICI Bank:

RESISTANCE 2 472
RESISTANCE 1 457
SUPPORT 1 417
SUPPORT 2 392

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 417 levels, Minor resistance on the upside is capped around 457 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 @ 392 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 @ 472

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the Weekly as 472 on upside and 392 on downside.

As seen on daily chart share price test the higher level by moving towards the up trend line of the rising channel. Positive closing was made with the help of Band Bollinger on daily chart. Only break above 448 level will price higher towards 460 levels.