AbhishekHSinghCMT

ICICI Bank- Looking upside with key zone 265-266

Long
NSE:ICICIBANK   ICICI BANK
191 views
5
Looks like its subdividing into its 5th wave at micro degree. Till the time 265-266 is not breached I will look upside till 274-275 as 1st target zone. Counting waves at such a lower degree is a nightmare, but I am doing my best.

Incase 265 is hit before going to 274 -275 zone, then I will have to look at the price structure again.

Key Zone- 265-266.
Trade active: 12:50 Hrs 19th Oct2016

Price@265.30

Moving in the range of 265-266 for quiet sometime so likely once banknifty completes the retracement & starts moving up it will push ICICI bank also upwards.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
https://t.me/wavetalks

Comments

yes m sure count would hv been a nightmare..can v discount a few rules..becuse wave 2 cannot be more than 61.8 % of wave 1 !!!! ???
Reply
No-its a guideline -its not a rule so wave 2 can go deep till 99.99% -I have seen in practice so just sharing it. We only have 3 cardinal rules.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out