ICICI Elliottwave Short Term Update

ICICI Elliottwave Short Term Update

ICICI Elliottwave Short Term Update : CMP 306

A flat correction in wave 2 is almost complete.  A poke below 304 should finish it off before price heads higher in a 3rd wave to well over 358.

ICICI Elliottwave Short Term Update

ICICI Elliottwave 2 hour chartSeveral ways to play this.  Either get in now if one doesnt mind a few days of waiting / choppiness, or wait till price pokes below 304 to 295-300.  There is a small possibility price may decline to 280-285 levels, where there is strong support.

If prices moves above 316, it would bolster the probability the downward correction is complete, and a move above 333 would confirm it.

Posted in ABC Correction, Elliottwave India, Flat Correction, ICICI bank, ICICI elliottwave, ICICI elliottwave count, ICICI wave count, Nifty 50 elliottwave.