ICICIBANK - Daily Outlook - Short Setup Singkat

ICICI BANKNSE

Huraian

⋅ 4 Mac 2017 pukul 17.18

ICICIBANK is in downtrend since last month. Correction wave "C" is incomplete and in progress.

Stock has entered oversold area on Daily charts which indicates BUY setup. But on weekly charts it is in overbought area and does not confirm weekly chart setup.

So stock should drop in next few days. SHORT position can be initiated below 274.5 with targets 270 (1st), and 264 (2nd). Stoploss should be 279.

Komen

⋅ 11 Mac 2017 pukul 10.09

Target 1 (270) reached as expected. Target-2 (264) is very close now. All the best.

Komen

sobubla

⋅ 4 Mac 2017 pukul 18.04

I don't agree with your wave count. According to me it's 4th wave in progress. On completion of 4th wave new highs can be seen

sachinlanke

⋅ 5 Mac 2017 pukul 12.34

@sobubla,

May be you are right. Elliott wave numbering is very subjective though.

But main Idea is for very short term and I feel correction is due.

Lebih