ICICIBANK: On a Bullish Trend

Technical Analysis of: ICICIBANK

The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND. From 653.50. The waves 1, 2, 3 and 4 is completed at 653.50, 545.80, 664.60 and 620.30 respectively.
From the point 620.30 wave 5 is starting and projection range for wave 5 is in between 654.57 and 665.00

Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY.





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Trade closed: target reached