bhalla1990

Will MotaBhai Shine? or Fade away?

NSE:RELIANCE   RELIANCE INDS
Reliance seems to be in wave 5 of A of larger degree wave 2.

Couple weeks ago we saw a super strong(dragonfly doji ) bounce back from 1800 so wave 5 likely to get truncated around same levels and we can witness a long side correction in form of wave B

Long term buying should come in around 1600 eventually

Support/Resistance conveniently placed 200 points apart 1600/1800/1980/2200/2370.