ICICI Bank- Looking for a push upside to 245-246

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Looking for push upside from 240-241 zones with key support@239 for target zone 245-246. Once it reaches 245-246-we will wait & watch -if that bounce gets extended even beyond 249.50 then it will indicate that 4th wave correction is still ongoing but we will enter buy again only above 251.25.

There is another way of looking going into zone 245-246 & falling back again below 243- will likely go below 239 & make a new low.

Trade active: 10:32 Hrs 14th Oct2016


Price is looking corrective in nature -likley it will make a new low below 239 so take small profits & exit if you are in long positions.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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