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Niftydirection
Jul 4, 2020 6:17 PM

ICICIBANK Pitchfork Pattern Elliot C wave correction Long

ICICI BANKNSE

Description

ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)

Trade closed: target reached

Conservative target 410 reached ~14% gain
Comments
Thunder918
what would be your suggestions now....i dont know why but i am feeling a bit negetive for this counter, considering q1 2020 results of banking and nbfc sector are supposed to be announced. whaT SAY ?
Niftydirection
@Thunder918 he sorry missed your comment stock broken Pitchfork and trading sideways since then though SL not hit 335 so position active
Thunder918
@Niftydirection, no issues😊.... bohot hi bura hal hai stock ka....made an exit on all banking sector positions
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