ICICI Bank began gaining momentum after its Q2 earnings for FY 23-24 in October 2023, starting from a low of Rs. 899. Over the past year, it completed an impulse wave, culminating in the 5th wave as an ending diagonal on December 17, 2024, with a high price of Rs. 1362.35, marking a rally of nearly 463 points.
Following this, ICICI Bank entered an ABC correction phase. It completed Wave A on January 23, 2025 (37 days), with a low of Rs. 1186.00, a decline of approximately 176 points. Wave B formed on February 4, 2025 (12 days), reaching a high of Rs. 1280.50, which is almost 50% of Wave A, a typical Elliott wave correction.
Currently, ICICI Bank is in the process of forming Wave C and could potentially see a low of Rs. 1100.00, targeting at least 176 points before its earnings update on April 21, 2025.
Following this, ICICI Bank entered an ABC correction phase. It completed Wave A on January 23, 2025 (37 days), with a low of Rs. 1186.00, a decline of approximately 176 points. Wave B formed on February 4, 2025 (12 days), reaching a high of Rs. 1280.50, which is almost 50% of Wave A, a typical Elliott wave correction.
Currently, ICICI Bank is in the process of forming Wave C and could potentially see a low of Rs. 1100.00, targeting at least 176 points before its earnings update on April 21, 2025.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.