ELLIOT FORECAST FOR 12 AUG 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY AS MENTIONED EARLIER WITH A GAP UP REMAINED BULLISH AND TRIED TO BREAK OUT , HOWEVER FAILED TO SUSTAIN AND FELL.THE DECLINE WAS CORRECTIVE WHICH INDICATES FURTHER UPWARD MOVEMENT EXIST...THE NIFTY TODAY COMPLETED ITS FIRST TWO WAVE(1 AND 2) AND TOMORROW LIKELY TO COMMENCE WITH ITS THIRD(3) WAVE...WATCH OUT FOR IMPORTANT LEVEL AS GIVEN IN THE CHART.
ASSESSMENT ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK APPETITE.
HAPPY TRADING!!!
NIFTY TODAY AS MENTIONED EARLIER WITH A GAP UP REMAINED BULLISH AND TRIED TO BREAK OUT , HOWEVER FAILED TO SUSTAIN AND FELL.THE DECLINE WAS CORRECTIVE WHICH INDICATES FURTHER UPWARD MOVEMENT EXIST...THE NIFTY TODAY COMPLETED ITS FIRST TWO WAVE(1 AND 2) AND TOMORROW LIKELY TO COMMENCE WITH ITS THIRD(3) WAVE...WATCH OUT FOR IMPORTANT LEVEL AS GIVEN IN THE CHART.
ASSESSMENT ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK APPETITE.
HAPPY TRADING!!!
Note
IDEA INVALID....MAY OPEN BELOW LINE OF INVALIDATION.
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