ICICI Bank 1hrs time frame EWT AnalysisICICI Bank EWT Analysis
Validation level 941.25 dated 12.07.23
Minor degree 1 from 941.25 to 1008.70, subdivided by minute degree ((i)) ((ii)) ((iii)) ((iv)) ((v)).
Minor degree 2 which is corrective wave subdivided minute degree ((w)) ((x)) ((y)) which is
double combination of corrective wave which is called double correction of
(a) (b) (c). It does not break starting point of Wave 1. (price 941.25) and double
correction is up to 85% range (price 946) of wave 1.
Minor degree 3, I anticipate minimum 100% up tp 1040.
Minuette degree validation level 946 dated 18.08.23.
Minuette degree wave (i) completed from 946 to 982.40, dated 24.08.23
subdivided by subminuette degree i ii iii iv v.
Minuette degree wave (ii) is corrective wave (w) (x) (y) completed 85% of wave (i)
price 950.80. It does not break wave (i).
Wave (w) is Regular flat a b c.
Wave (x) is link wave
Wave (y) is Zigzag a b c
Minuette degree wave (iii) I anticipate minimum 100% or 1.618% (price 987- 1010)
key level 970 falling trend line or b point of zigzag
Thank You
Disclaimer
it is my personal research before taking any trade please advise your financial adviser. I am not SEBI Registered Financial Adviser.
