ICICI Bank- Below 249 likely has chances for double bottom@243

12 oct. 2016

From the highs of 283.75 - ICICI Bank is travelling into impulse wave & currently tracing out its-((iv)) th wave. Going below 249 which is small rising trendline likely can go to the similar lows or slightly surpass 243 lows once it holds that zone there is a buying opportunity as well in the zones 243-245 for target zone 255-257- for which I need to come back again.

Or small buying opportunity going above 253 highs if- it has not leaked below 249 for target zone 257-259

Regards,
Abhishek H. Singh, CMT

13 oct. 2016

Transaction en cours

09:49 Hrs 13th Oct2016

Yes ICICI Bank leaked or opened gap down as expected to go close to 243. It made a low@245.15- Heading for the same

13 oct. 2016

Transaction en cours

10:20 Hrs 13th Oct2016

Trading@243.80

Makes a low@243.25

As expected below 249- likely we will see double bottom. So, let us get some push upside for us to think that it has temp low in place

13 oct. 2016

Transaction en cours

12:38 Hrs 13th Oct2016

Trading@242.50

Nice -It falls more- I like it