ELLIOT-PA FORECAST FOR 17 AUG 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
WHAT A DAY IT WAS!!!!
TO DAY NIFTY IN THE MORNING ITSELF WITH A GAP UP GAVE A " LA SOPRESA". DID BIT OF ADJUSTMENT FOR THE ANTICIPATED MOVEMENT....AND "TA-DA"...NEVERMIND...THE MAJOR ATTRACTION FOR DISCUSSION WOULD BE THE DECLINE THAT WE WITNESSED IN THE LATER HALF. AT THE OUTSET I WOULD LIKE TO TAKE YOUR ATTENTION TOWARDS THE SAME CRANKY DECLINE THAT WE SAW IN ALL US INDICES A FEW DAYS BACK AND FOR ME IT LOOKED QUITE SIMILAR...AND THE TOP WAS RESEMBLING THE MAR HIGH TOP AS WELL."WEAKNESS OBVIOUS"...NOTWITHSTANDING HONESTLY I ALSO DIDN'T ANTICIPATED FOR 2.618 RETRACEMENT....ALTHOUGH CORRECTION WAS EMINENT BUT NOT SO SHARP...INDICATES WHAT??? TO CREATE BEARISH SENTIMENTS AMONG RETAIL INVESTORS.THIS IS WHAT I PERCEIVE...THE CORRECTION/DECLINE WAS A BIG THUD!!!...BUT I LOOK IT AS A CORRECTIVE MOVE.THE SELL-OFF GOT ABSORBED IN SIMILAR WAY AS IT WAS INITIATED....FOR MONDAY I WOULD LIKE TO GO BULLISH WITH A GAP UP...AND MAY MOVE CLOSER TO TODAY'S HIGH. I MAY HEAR OBNOXIOUS AND ERRATIC...CAN'T HELP IT...I MAY BE WRONG IN MY ANALYSIS BUT NEVER BREAK THE RULES....
ASSIMILATION FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
WHAT A DAY IT WAS!!!!
TO DAY NIFTY IN THE MORNING ITSELF WITH A GAP UP GAVE A " LA SOPRESA". DID BIT OF ADJUSTMENT FOR THE ANTICIPATED MOVEMENT....AND "TA-DA"...NEVERMIND...THE MAJOR ATTRACTION FOR DISCUSSION WOULD BE THE DECLINE THAT WE WITNESSED IN THE LATER HALF. AT THE OUTSET I WOULD LIKE TO TAKE YOUR ATTENTION TOWARDS THE SAME CRANKY DECLINE THAT WE SAW IN ALL US INDICES A FEW DAYS BACK AND FOR ME IT LOOKED QUITE SIMILAR...AND THE TOP WAS RESEMBLING THE MAR HIGH TOP AS WELL."WEAKNESS OBVIOUS"...NOTWITHSTANDING HONESTLY I ALSO DIDN'T ANTICIPATED FOR 2.618 RETRACEMENT....ALTHOUGH CORRECTION WAS EMINENT BUT NOT SO SHARP...INDICATES WHAT??? TO CREATE BEARISH SENTIMENTS AMONG RETAIL INVESTORS.THIS IS WHAT I PERCEIVE...THE CORRECTION/DECLINE WAS A BIG THUD!!!...BUT I LOOK IT AS A CORRECTIVE MOVE.THE SELL-OFF GOT ABSORBED IN SIMILAR WAY AS IT WAS INITIATED....FOR MONDAY I WOULD LIKE TO GO BULLISH WITH A GAP UP...AND MAY MOVE CLOSER TO TODAY'S HIGH. I MAY HEAR OBNOXIOUS AND ERRATIC...CAN'T HELP IT...I MAY BE WRONG IN MY ANALYSIS BUT NEVER BREAK THE RULES....
ASSIMILATION FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Nota
GUYS GETTING THE IDEA,WHICH SIDE ACTUAL TREND IS!!!Nota
IDEA IS INVALIDATING....BANK NIFTY LOOKS EXTREMELY WEEK....AGR IS GETTING SOMETHING WITH IT.
Aviso legal
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