TradingView
bimalscave
Aug 25, 2020 2:55 PM

ELLIOT FORECAST FOR 26 AUG 20 Long

Nifty 50 IndexNSE

Description

ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY AS SUGGESTED WITH A GAP UP OPENED AND REMAINED BULLISH FOR THE INITIAL HOURS....AFTER COMPLETION OF 5TH MINUTE WAVE NIFTY MOVED INTO CORRECTION....BUT IN THE FAG END THE IMPULSE CHANGED THE GAMBIT AND NOW THE VIEW IS AGAIN TURNED BULLISH....FOR TOMORROW NIFTY MAY OPEN FLAT TO MINOR GAP DOWN...BUT SUBSEQUENTLY MAY CLOSE ABOVE TODAY'S HIGH....

*****ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE*****

----TRADE AS PER OWN RISK ASSESSMENT------

Trade closed: target reached

Target

Comment

PENULTIMATE 5 WAVE STRUCTURE APPEARED....TIME FOR SHORTING MARKET HAVE ARRIVED....

Comment

"Papa kehtey hain bada naam karega....Nifty ko short karney ka time agaya"

Comment

Watch out for todays analysis....
More