This is an chart of ICICI Bank same as the structure of Bank Nifty where we are in a bullish trend which has been extended. Currently we are in L series in which we have completed 5 wave structure in M series, but rally has been extended and we are again in M series. Completed wave M1 and we are in correction of wave M 2. We likely to go up as long as we are above invalidation Level.
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If you are an our new subscribers, you wondering what is L and M. Kindly see the below chart for our coding style and click on it to view it in details.