bimalscave
Long

ELLIOT FORECAST FOR 30 JUL 20

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

Comments

nice practice it follow the forecast but failed . not to worry this is nice idea
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Hahaha.. yesterday's low should break ideally.. Bottom around 11100..
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practicalbull.mmb practicalbull.mmb
@bimalscave Aagaya sirji 111100.. Now going long
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bimalscave practicalbull.mmb
@practicalbull.mmb, BHAI MERE....GOOD ITS YOUR ANALYSIS...
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@bimalscave, Thank you sirji.. Expecting a min 11250 from here.. Could also be a new high... Both possibilities are open.. Hence had me ruined regarding taking calls..
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practicalbull.mmb practicalbull.mmb
Had me ruined = had messaged u

Damn auto correct
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Sirji, This is exactly what I had mentioned in my reply on that other post..
Though Chances of a truncated 5th wave are higher.. Not expecting 11380 odd levels to be broken..

Also, in my view, before charging towards 11350 plus levels, there's a possibility that today's day low will break, though not by much.

Watch out for Financials leading the charge tomorrow and day after with some support from Reliance.
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bimalscave practicalbull.mmb
@practicalbull.mmb, i knew it from the begining... I wait for things to play....otherwise great appreciation by you buddy...
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chances of downfall are more not sure may be for this type of 300 points nifty need a very good news only reliance can do I think so
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bimalscave CoolTrader7890
@CoolTrader7890, 👍 THATS WHY I SAID I M OVERTLY... OPTIMISTIC...I WILL CERTAINLY GO FOR A TRUNCATED 5 TH WAVE...LETS SEE
Reply
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