Will this be a little trophy in the cabinet of Reliance whom the investors will shun or is it going to continue its way up??
One has attempted to make a novice wave count and this makes me conclude that the price could be coming to the end of minor wave 4 correction and would begin its final 5th minor impulse.. keeping wave 5 equilevel as wave 3 (could be .618 level as well which would be around 1250), the target is derived at 1420 approx....1050 is an important resistance level to cross for anything to happen....
Saving the idea for following up in future...absolutely no experience in wave counting..could may well crash by a massive 400 rupees as well if its out of the parallel channel
One has attempted to make a novice wave count and this makes me conclude that the price could be coming to the end of minor wave 4 correction and would begin its final 5th minor impulse.. keeping wave 5 equilevel as wave 3 (could be .618 level as well which would be around 1250), the target is derived at 1420 approx....1050 is an important resistance level to cross for anything to happen....
Saving the idea for following up in future...absolutely no experience in wave counting..could may well crash by a massive 400 rupees as well if its out of the parallel channel