ICICI Bank Outlook for the Week Sept 28,2020 – Oct 01,2020)

For the Week: Sept 28,2020– Oct 01,2020).

ISIN: INE090A01021

As seen on daily chart stock put listed below a Channel Pattern. We have witness a sharp recovery in last session.To continue with up move, break above prior 200 EMA and 100 EMA on closing basis is required.

ICICIBank Share Price: 348.65 (NSE).

SECTOR: BANKS.

Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandits Predicts Range for the Weekly as 383 on upside and 315 on drawback.

SUPPORT 1.
332.

RESISTANCE 2.
383.

SUPPORT 2.
315

If stock breaches small support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 315 and If stock breaches small resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 383.

Weekly Range: 33.65 Points.

Weekly Support & & Resistance For ICICI Bank:.

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Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the drawback lies at 332 levels, Minor resistance on the benefit is capped around 366 levels.

Weekly High: 367.40.

RESISTANCE 1.
366.

ICICIBank closed the Week on unfavorable note losing 5.66%.

Weekly Low: 333.75.