ICICI Bank Outlook for the Week (Oct 12,2020 – Oct 16,2020)

Weekly Range: 32.75 Points.

As seen on day-to-day chart stock trading above Channel Pattern middle band. We have witness a sharp recovery in last couple of session.In a nutshell, trend for ICICIBANK is positive as its closed above 100EMA and 200 EMA line and can continue to move greater.

If stock breaches minor assistance on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 360 and If stock breaches small resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 425.

For the Week: (Oct 12,2020– Oct 16,2020).

ASSISTANCE 1.
380.

.

SECTOR: BANKS.

RESISTANCE 2.
425.

ASSISTANCE 2.
360

ICICIBank Share Price: 401.50 (NSE).

Technically on the daily charts EquityPandits Analyst see: Minor assistance on the drawback lies at 380 levels, Minor resistance on the benefit is topped around 414 levels.

ICICIBank closed the Week on positive note acquiring 8.75%.

Weekly High: 403.50.

Stock is trading above 200 days exponential moving average, suggests long term pattern is bullish. EquityPandits Predicts Range for the Weekly as 425 on benefit and 360 on drawback.

Weekly Support & & Resistance For ICICI Bank:.

RESISTANCE 1.
414.

SECTOR: BANKS.

Weekly Low: 370.75.