Updated count as of 21-jun-2019 closing:
We did what we could do based on what Elliott Wave Principle suggested us. All that can be done now is to sit back and keep a (read disclaimer first!!!) stop loss order below 11620.
We are either right or wrong in a giant giant way.
If we are right, then we'll see 12300-12900-13130 levels, all with a risk of 50 points! (r:r = 50:600~1:11)
If we are wrong, then we take 50 points loss and keep sniffing around for favorable r:r trade!!
We shall see...
Disclaimer: I am not a certified financial analyst. I have started this thread to track the Elliott Wave Analysis of NIFTY (or any security/instrument discussed by me) for MYSELF. By no means the content in my posts should be taken as any sort of advise to buy or sell anything; anyone doing so is doing at his/her own risk. I AM NOT RESPONSIBLE FOR LOSS IN ANY FORM (INCLUDING - BUT NOT LIMITED TO - FINANCIAL) INCURRED BY ANYONE
We did what we could do based on what Elliott Wave Principle suggested us. All that can be done now is to sit back and keep a (read disclaimer first!!!) stop loss order below 11620.
We are either right or wrong in a giant giant way.
If we are right, then we'll see 12300-12900-13130 levels, all with a risk of 50 points! (r:r = 50:600~1:11)
If we are wrong, then we take 50 points loss and keep sniffing around for favorable r:r trade!!
We shall see...
Disclaimer: I am not a certified financial analyst. I have started this thread to track the Elliott Wave Analysis of NIFTY (or any security/instrument discussed by me) for MYSELF. By no means the content in my posts should be taken as any sort of advise to buy or sell anything; anyone doing so is doing at his/her own risk. I AM NOT RESPONSIBLE FOR LOSS IN ANY FORM (INCLUDING - BUT NOT LIMITED TO - FINANCIAL) INCURRED BY ANYONE