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
Comments
kanhu17
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Icici will go up sir?
WaveTalks
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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
walter0202
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Is it possible that a 5 wave has been completed from 283-239, itself ?