ICICI Bank Break out

For the purpose of ease of understanding of every one of us, I have not depicted Elliot Waves but just to mention that ICICI Bank has crossed it previous waves and is ready for the next move. Two Triangles have been drawn, one with Purple Color and the other with White. Purple triangle has been crossed and it has entered into white triangle. Drawn are two parallel trend lines to give you a better idea. Ist major Target is 986.85. However you may see that it is just below 34 EMA. So, wait for the proper levels to come.

Todays candle of 10-12-23 12:53 PM is going to play a major role. Please mark high and low of this candle and act accordingly.

I am not a SEBI Registered Analyst. Please make any decision in consultation with your financial advisor. I will not be responsible for any of your profits or losses.

Comment:

Maintain a stop loss of 951.1 and leave target open