I have observed that the price action of ICICI on monthly chart is trending up and building a clear leading diagonal
. It is been moving in 5-3-5-3-5 waves pattern that is narrowing gradually with the price action. At present, It is been observed that the leading diagonal
has completed its Wave 1, Wave 2, Wave 3, Wave 4 and now it is preceding towards the completion of Wave 5 that will take the price action to expected levels of 400 in months to come. It is an decent opportunity to invest with limited risk and good amount of returns on investment.