bimalscave

ELLIOT FORECAST FOR 30 JUL 20

Long
NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY WITH A GAP DOWN OPENED AND RALLIED TO BREAK YESTERDAYS HIGH. HOWEVER FAILED TO SUSTAIN AND FELL. WHOLE DAY NIFTY SWINGED WITHIN A RANGE BUT BROKE SUPPORT AND MADE A LOW OF AROUND 11150...ITS ALL BECAUSE OF RELIANCE ANTICIPATED RESULT...NOTWITHSTANDING NIFTY PROBABLY HAVE MADE A ENDING DIAGONAL AND PROJECTIONS REALLY LOOK OVERTLY OPTIMISTIC...3RD MINUTE WAVE IS EXTENDED SO, THEIR ARE TWO POSSIBILITY EITHER 5 MINUTE WAVE WILL BE TRUNCATED OR GO WITH THE NATURAL FIB EXTN ...BUT DO PROJECTION INDICATE SOMETHING...SOME POSITIVE NEWS IS ROUND THE CORNER...I DON'T KNOW...LETS SEE TOMORROW...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT.
Comment: FOR TRUNCATED 5 MINUTE WAVE...11290
Comment: GUYS THESE ARE MERE PROJECTIONS...MY APPRECIATION MAY FALTER...AND CAN GO WRONG...MY ENDEAVOUR IS TO PROVIDE AN INSIGHT...
Comment: NOW AFTER THIS...LEVEL I AM NOT COMFORTABLE
Comment: 11296....CRITICAL LEVEL...AFTER THIS WAIT AND WATCH...CLOSED ALL TRADES
Comment: TWO POSSIBILITY NOW IF MOVES UP BEARISH SIGNATURE...IF MOVES DOWN AND 11225 LEVEL GAP FILLS BULLISH SIGN
Comment: GUYS WHEN NIFTY TOUCHES 11296 THIRD TIME...EXPECT A SHARP DECLINE
Comment: F#$K IT FELL WITHOUT MY PERMISSION👨 SORRY GUYS...APPRECIATION WENT WRONG....NEVERMIND....MY OVERALL VIEW STILL INTACT WITH MORE CONVICTION NOW...IF YESTERDAYS LOW NOT TAKEN OUT...
Comment: WILL NOT FALL BELOW 11140
Comment: VIEW NOW INVALIDATES....FRESH REVIEW (PIVOTS) ...SHORT ENTRY
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