I am looking this could be its last move up based on the theory of R N Elliott , and as theory suggests the structure of the price behaviors is always
mouthpiece of investor sentiments
there is meaning in every structure which forms in the market due to mass participants
This one is clearly informing its forming an expanding edge which certainly indicate...
Hello in this 15minutes chart of ICICI bank one can see the down and the up arrow marked in the chart.
The area with blue dots and a pink dotted line in between is known as CPR(central pivot range).
It is generally assumed that whenever you get a narrow CPR in day trading it is a trending day for the particular stocks.
Look at the price action at the very start...
Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
Please, take a second and support my effort by hitting the "LIKE" button, that’s the only fee from You!
As per my wave analysis, a possible good buy for this stock.
Once the EO gets tagged, monitor it for couple of hours and if it does not move, get out and put another EO on top of the last price and leave it.
I expect it will go fast from here to possibly 500 levels too.. so why wait...