Price of ICICI Bank on 23/02/25: 1228.
As a macro view, its pending upside 5th cycle value is 2264. (refer attached image)
The gap between current market price 1228 & its active Gann level 2264 (5th cycle level) is not that attractive. Due to this reason, I would prefer entering in this stock at 1018-939 Gann levels.
In worst scenario, if any crash like situation comes then I would again add it at 604 Gann level. We would be very very luck if it happens. The reason is from 604 to its active 5th cycle gap will become 280%! And that can be a really very good investment opportunity in Reliance Industry Ltd.
Note: It is only a long-term prediction. Kindly do not participate in futures & options as per this analysis.
To make such prediction using WD Gann Theory methods, you need to learn my Gann Theory Course.
Disclaimer: I am not a S.E.B.I. registered advisor. This website is purely for training and educational purposes. I shall not be responsible for your profit or loss. Please confirm with your investment advisor before making any investment decisions.
