bimalscave

ELLIOT FORECAST FOR 27 JUL 20

Short
NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY WITH A GAP DOWN REMAIN BEARISH IN THE INITIAL TRADING HOURS...HOWEVER IN THE LATER HALF BOUNCED BACK AND CLOSED RED WITH A THIN MARGIN...NOW GETTING INTO THE ANALYSIS,YESTERDAY APPRECIATED A ENDING DIAGONAL WITH THE 5TH WAVE EXTENDING ALMOST TOWARDS 11307 ...THE 5TH MINOR WAVE IN FACT TURN OUT TO BE TRUNCATED(I APPRECIATE)...NOW NIFTY IS AT A CRITICAL JUNCTURE i.e 100% RE-TRACEMENT FOR A CORRECTIVE A-B-C PATTERN FROM THE BOTTOM OF MARCH..(11184)...HERE WE CAN VISUALIZE DISTRIBUTION ALSO BEEN HAPPENING...PRESENTLY APPRECIATING AN IMPULSIVE SUB-WAVE HAVE COMMENCED...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT.
Comment: IMPULSIVE SUBWAVE OR 3RD CORRECTIVE SUBWAVE...PLEASE DO YOUR OWN ANALYSIS.
Comment: PLEASE DONT GO SHORT AFTER 11075....DOW FUTURE HAVE MADE POSITIVE DIVERGENCE...
Comment: EXPECTING A SHARP DECLINE TOWARDS 11075..
Comment: FIZZLED OUT