TradingView
bimalscave
Aug 24, 2020 2:44 PM

ELLIOT FORECAST FOR 25 AUG 20 Long

Nifty 50 IndexNSE

Description

ANALYSIS BASED ON TECHNICAL PARAMETERS( NO NOISE)
NIFTY TODAY WITH A GAP UP REMAINED BULLISH ALL WITH AN EXCEPTION OF MILD WEAKNESS AT THE END,NOTWITHSTANDING, THE OVERALL TEMPERAMENT OF NIFTY REMAINS BULLISH , AS OF NOW....IN MY PREVIOUS POST GIVEN A LOGIC WHERE NIFTY LIKELY TO MAKE TOP, TILL THAT TIME WE TAKE THAT THE RALLY WILL BE IN ITS FINAL LEG;THE EUPHORIA STAGE....FOR TOMORROW,EXPECT NIFTY TO GIVE A GAP UP AND MAY SUSTAIN ABOVE 11500...AND MAY SUBSEQUENTLY GIVE CORRECTION IN THE LATER HALF...KEEP A WATCH ON IMPORTANT LEVELS.

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

*****TRADE AS PER OWN RISK ASSESSMENT****

Comment

DIA 5 WAVE COMPLETE....CORRECTION OF LOWER DEGREE COMMENCED...

Comment

HEADING FOR MAJOR CORRECTION...
More