ICICIPRU update

The stock gave a good spurt last few days ,I had told about 360+ 

in my last post icicipru elliottwave analysis. The reached 360+ the congestion range

and is consolidating.

Now further move up comes above 364 ,Which take stock up further towards 380,400.

Support for now comes at 332+ ,A good impulse looks to be building up from the C low.

Nifty elliottwave analysis

The nifty grind is still on with range is still getting squeezed,

In last post nifty elliottwave counts,Had anticipated d and e wave 

of triangle the expected up down move has come.Lets see the present 

chart.

Above 10880 the triangle breakout comes and below 10600 triangle breakdown.Reliance the 

heavy weight of nifty is also moving in triangle Reliance elliottwave analysis.The expectation 

is of upside break to complete the c wave rally of Y .Lets see how waves unfold .

Reliance elliottwave analysis

Triangles galore ,We witnessing a triangle in nifty too.

Nifty elliottwave . 

Reliance has been consolidating for quite some time and 

range is getting contracted lets see the chart.

The chart is well labled ,Above 1130 -35 expect good rally in the stock ,Explosive move ahead 

as range is quite sequeezed .This being the super heavy weight no wonder even nifty is apeing the

pattern.

ICICIPRU elliottwave analysis

The stock saw good consolidation and now it has started to 

come out of range lets see the wave analysis.

The structure suggests a good abc completion ,Also its trading above C wave trendline.

The chart suggests good support in range 300 and resistance in 360 range above 360 .

Sustaining above 360 big target towards 410-425+. 

Note :- Break of 300 would confirm C still underway..