AbhishekHSinghCMT

ICICI Bank- Looking upside with key zone 265-266

Long
NSE:ICICIBANK   ICICI BANK
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

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