🏦 ICICI Bank: Wave ((V)) Developing - 1610 or 1752+ Next?
According to Elliott Wave Theory, the previous Wave ((IV)) appears to have completed around 268.30 in March 2020. From that low,
ICICIBANK began a major advance that can be interpreted as the developing Wave ((V)).
The first leg of this larger advance, Wave (I), developed from March 2020 to October 2021, reaching around 867. A corrective Wave (II) then followed, ending around June 2022 near 642.15.
⭕ Wave (III) — Developing
From the June 2022 low near 642.15, ICICI Bank started the next major advance, which is currently being counted as Wave (III). This wave is still treated as developing rather than assuming it has already completed.
Inside this developing Wave (III), a smaller I–II–III–IV–V structure is being tracked. The advance and corrections within this period are being used to identify the smaller-degree waves as the larger Wave (III) unfolds.
🎯 TP / Levels to Watch
⚠️ Key Wave-IV Level: 1180
What do you think — where do you see ICICI Bank's next major Wave developing?
According to Elliott Wave Theory, the previous Wave ((IV)) appears to have completed around 268.30 in March 2020. From that low,
ICICIBANK began a major advance that can be interpreted as the developing Wave ((V)).The first leg of this larger advance, Wave (I), developed from March 2020 to October 2021, reaching around 867. A corrective Wave (II) then followed, ending around June 2022 near 642.15.
⭕ Wave (III) — Developing
From the June 2022 low near 642.15, ICICI Bank started the next major advance, which is currently being counted as Wave (III). This wave is still treated as developing rather than assuming it has already completed.
Inside this developing Wave (III), a smaller I–II–III–IV–V structure is being tracked. The advance and corrections within this period are being used to identify the smaller-degree waves as the larger Wave (III) unfolds.
🎯 TP / Levels to Watch
- Short-term: 1403 - 1610
- Longer-term: 1752+
⚠️ Key Wave-IV Level: 1180
What do you think — where do you see ICICI Bank's next major Wave developing?
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.