ELLIOT FORECAST FOR 3 JUL 20

ANALYSIS BASED OB TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY BROKE THE CHANNEL WITH GAP UP AND REMAINED BULLISH TILL FAG END OF THE DAY W/O DISPLAYING ANY WEAKNESS.
WAVE 3 COMPLETED TODAY WITH 161% RETRACEMENT. CYCLE IV WAVE AS OF NOW LOOKS INCOMPLETE AS IT HAS NOT RETRACED TO THE DESIRED LEVEL.TAKING IT FURTHER AS OF NOW WAVE V IS UNDER PROG AND LIKELY TO RETEST TODAYS HIGH... SO CORRECTIVE DECLINE CAN BE EXPECTED THEREAFTER.
ASSESSMENT MADE FOR EDUCATIONAL PURPOSE...TRADE AS PER YOUR RISK..
VIEWS MOST WELCOME.

Feragatname