ICICIBANK: On a Bullish Trend

Technical Analysis of: ICICIBANK

The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND. From 653.50. The waves 1, 2, 3 and 4 is completed at 653.50, 545.80, 664.60 and 620.30 respectively.
From the point 620.30 wave 5 is starting and projection range for wave 5 is in between 654.57 and 665.00

Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY.





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The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis

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