ELLIOT FORECAST FOR 11 AUG 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY WITH A GAP UP IN THE MORNING EXHIBITED ITS INTENT AND FUTURE DIRECTION...HOWEVER AS DAY MOVED ALONG ...THE MOMENTUM FIZZLED OUT AND THE VERDICT ON AGR ISSUE WAS THE FINAL NAIL ON THE COFFIN....NOTWITHSTANDING I AM NOT AT ALL BEARISH( MY PERSPECTIVE) RATHER GIVING A MORE BULLISH TARGET FOR TOMORROW...NIFTY COMPLETED WITH ITS LEADING DIAGONAL AND CORRECTIVE CYCLE AND LIKELY TO COMMENCE WITH ITS THIRD(3) WAVE....PLEASE WATCH OUT FOR IMPORTANT LEVELS AS MENTIONED IN THE CHART.
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
NIFTY TODAY WITH A GAP UP IN THE MORNING EXHIBITED ITS INTENT AND FUTURE DIRECTION...HOWEVER AS DAY MOVED ALONG ...THE MOMENTUM FIZZLED OUT AND THE VERDICT ON AGR ISSUE WAS THE FINAL NAIL ON THE COFFIN....NOTWITHSTANDING I AM NOT AT ALL BEARISH( MY PERSPECTIVE) RATHER GIVING A MORE BULLISH TARGET FOR TOMORROW...NIFTY COMPLETED WITH ITS LEADING DIAGONAL AND CORRECTIVE CYCLE AND LIKELY TO COMMENCE WITH ITS THIRD(3) WAVE....PLEASE WATCH OUT FOR IMPORTANT LEVELS AS MENTIONED IN THE CHART.
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Catatan
LINE OF INVALIDATION(EXTREME AREA) 11342Catatan
EXPECT A SHARP DECLINE TOWARDS 11292...TRADE AS PER OWN RISK ASSESSMENT.
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