ICICI Bank Outlook for the Week (Sept 07,2020 – Sept 11,2020)

For the Week: (Sept 07,2020– Sept 11,2020).

ISIN: INE090A01021

Weekly Range: 53.65 Points.

ASSISTANCE 2.
333

Stock is trading below 200 days exponential moving average, suggests long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 441 on benefit and 333 on disadvantage.

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ICICIBank Share Price: 372.55 (NSE).

Weekly Low: 368.35.

ICICI Bank closed the Week on negative note losing 9.06 %.

RESISTANCE 2.
441.

Weekly High: 422.

SUPPORT 1.
352.

On everyday chart we can see ICICIBANK share price are sustaining above the channel support line. In short trend cost relocations below this support line will show the bigger degree down move.

SECTOR: BANKS.

RESISTANCE 1.
407.

If stock breaches small assistance 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 small resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 441.

Weekly Support & & Resistance For ICICI Bank:.

Technically on the daily charts EquityPandits Analyst see: Minor support on the downside lies at 352 levels, Minor resistance on the upside is topped around 407 levels.