bimalscave

NIFTY ELLIOT SUPER CYCLE FORECAST SINCE INCEPTION

NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
TODAY FOR A CHANGE TRIED TO PLOT A RUDIMENTARY SUPER CYCLE NIFTY ELLIOT COUNT BECAUSE I FELT A LOT OF DICHOTOMY IN THOUGHT PROCESS EXIST WHETHER THE UPTREND THAT WE SAW IS AN IMPULSIVE OR A CORRECTIVE WAVE AND AS PER THAT WE MOVE AHEAD WE WITH OUR DIRECTION OF THOUGHT PROCESS AND ANALYSIS.WHILE DOING THE ANALYSIS CAME ACROSS WITH AN INTERESTING FACET WHICH I WILL SHARE LATER. NOW THE LABELING THAT WE ARE SEEING IS FROM INCEPTION BUT THE MAJOR COUNT STARTS WITH THE SUPER CYCLE WAVE 1 TO ELIMINATE THE CLUTTER. I HOPE THERE IS NOTHING MUCH IN THE INITIAL COUNTING OR IN THE ALTERNATION,THE REAL DOUBT IN FIXATION OF THE LABEL AT THE TOP ARISES,TO UNDERSTAND THAT I TRIED TO CO-RELATE WITH THE DOW(OUR FAVORITE MIRROR AND I FOUND THAT IN DOW THEIR FORMS A EXPANDING TRIANGLE WHEREAS IN NIFTY IN DOESN'T. THE REASON PROBABLY THE 2019 ELECTION, THE NIFTY WAS KEPT ON SUSPENDED STATE FOR THE TIME BEING WHEREAS THE DOW FELL CONSIDERABLY. NOW THE COVID FALL THAT WE SAW INDICATES THAT IT IS A CORRECTIVE WAVE AND THE INTERVENING WAVE(UPTREND) THAT WE SEEING IS AN IMPULSIVE WAVE. THAT'S THE REASON WHY IT NEVER FELL AGAIN...NOTWITHSTANDING IT WILL FALL WE CAN EXPECT A MEASURED CORRECTION BUT NOT LIKE WE SAW IN END MARCH FOR OBVIOUS REASONS.LETS BE PRAGMATIC...WITH TRILLIONS OF DOLLAR BEEN PUMPED INTO THE MARKET WITH NO RHYMES ANS REASON DOESN'T SEEMS RATIONAL.

ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
"NO TRADE RECOMMENDATION"
Comment: TOMORROW I WILL PUBLISH LIVE MARKET ELLIOT FORECAST FOR THOSE FRIENDS WHO FOLLOW ME...AS OF NOW NOT PUBLISHING TOMORROW FORECAST...
Comment: PLEASE PVT MSG ME FOR LIVE UPDATE TO EXECUTE BEFORE MARKET HOURS
Comment: GET READY FOR A SHARP DECLINE...TRADE AS PER OWN RISK ASSESEMENT
Comment: THIS IS THE DECLINE I WAS MENTIONING.... "GIRNEY HI NAHI DIYA"

Comments

@bimalscave Sirji, the Blue 5 is not clear? What is the level please? Is it overlapping with the Black 1 at 8968 as a truncated impulse?
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bimalscave practicalbull.mmb
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DO YOU WANT TO SAY THAT AFTER US ELECTION MARKETS WILL FALL IN US & INDIA ? BUT FALL SLOWLY & NOT SHARP FALL LIKE IN MARCH ? PLEASE EXPLAIN.
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