bimalscave

ELLIOT FORECAST FOR 14 JUL 20

Long
NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS (NO NOISE)
NIFTY LIKELY HAVE CULMINATED WITH ITS CORRECTIVE CYCLIC WAVE...NOW THE CHART REQUIRES A REVIEW FOR HIGHER DEGREE ELLIOT COUNT ONLY AFTER TOMORROW EOD AND CO-RELATE WITH THE PREVIOUS PLOTTING OF DOW.
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
WATCH OUT FOR IMPORTANT LEVELS...
DISCLAIMER: TRADE AS PER SELF RISK ASSESSMENT.
Comment: LABELING REVISED - CREATION OF INDEX DIVERGENCE

Comments

Sirji, So basically what you are saying is that somewhere between 10937 and 11040, Nifty will complete it's entire upmove and should be followed by a very strong correction... Correct?
Reply
bimalscave practicalbull.mmb
@practicalbull.mmb, PLEASE CO-RELATE WITH THE DOW ANALYSIS GIVEN EARLIER...U WILL FIND YOUR ANSWER.
Reply
@bimalscave, Sirji, Saw the Dow post and now I'm thoroughy confused.. Even if Dow has become super bullish and Nifty will also follow suit, your current Nifty EW labeling is indicating the end of a major wave from 7511.. So wouldn't that mean that Nifty should correct by atleast 50% (of move from 7511 to whatever the high is) ??
Reply
bimalscave practicalbull.mmb
@practicalbull.mmb, bhai mere...i think i m not able to convey things properly...suggest should i make a video on the same...
Reply
@bimalscave, Haan sirji.. That will be really helpful.. Or alternatively, if u can splease share the all time wave count also, shaayad samajh aajayega...
Reply
@bimalscave, Aaj lambi waali lagg gayee.. Had gone long around 10650 expecting a move till 10927 or higher... Nifty to bhayankar ludak gayee.. Anyways... exited all calls at day end.. Kal dekhte hain
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