AbhishekHSinghCMT
Short

ICIC Bank- Bang On Target 260 & What Next?

NSE:ICICIBANK   ICICI BANK
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2
162 4
One of the cardinal rules of Elliott waves is wave 4 can never enter into the zone of wave-1 which is 262.70. So, let us see how it moves in today's session if prices go close to 262.70 -which is a key level for us -risk is very small here but could be potential downside move

Strict Stoploss- 262.70 + few ticks above 263

If it enters above 262.70 then my count is wrong & I will have to change the counts.

As expected earlier the bounce above 240 -it opened gap up & rushed towards the target zone of 260-262 from previous to previous updates.

Below 239 for short move down to 236-237







Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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Icici will go up sir?
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Move is surely impulsive but we will wait for some retracement to enter so likely I won't suggest any longs at 270's now
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Is it possible that a 5 wave has been completed from 283-239, itself ?
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Yes -Likely that is the case
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