ICICI Bank Outlook for the Week (Oct 05,2020 – Oct 09,2020)

Stock is trading below 200 days exponential moving average, recommends long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 385 on upside and 341 on downside.

RESISTANCE 2.
385.

Weekly Low: 349.10.

Weekly Range: 22.10 Points.

RESISTANCE 1.
377.

ASSISTANCE 2.
341

Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 355 levels, Minor resistance on the upside is capped around 377 levels.

Weekly High: 371.20.

SECTOR: BANKS.

For the Week: (Oct 05,2020– Oct 09,2020).

ICICIBank Share Price: 369.20 (NSE).

Weekly Support & & Resistance For ICICI Bank:.

SUPPORT 1.
355.

As seen on everyday chart stock trading above Channel Pattern support line. We have witness a sharp healing in last session.To continue with up relocation, break above prior 200 EMA and 100 EMA on closing basis is needed.

.

SECTOR: BANKS.

If stock breaches small assistance on the disadvantage and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 341 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 @ 385.

ICICIBank closed the Week on favorable note acquiring 5.89%.