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.

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bhalla1990 Kirandeepc
@Kirandeepc, i hope our wishes like this could turn market directions, but sadly it does not happen.

per technicals we are near wave A completion, max 1 more week then wave B will arrest the fall definitely if not reverse it
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Kirandeepc bhalla1990
@bhalla1990, Buddy Everyone has its own technical analysis, I wish your analysis go right.
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bhalla1990 Kirandeepc
@Kirandeepc, cheers!!
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