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 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.