RELIANCE INDUSTRIES LTDUpdated Reliance expected to bounce soon.
Here 4 th wave of 3 rd wave is in progress.
It has exactly retraced 50 percent of 3 rd wave.
there is no over lapping between 1 st and 4 th wave.
It is a weekly chart.
It can bounce from here.
weekly stochiastic is in over sold condition.
Main point to note here whether over lapping of wave 1 and 4 takes place or not.
if reliance declines and over lapping takes place..that will not negate the entire structre.
let us hope for the best.
if this post helps you don't forget to like.
follow me to get updates.
It has exactly retraced 50 percent of 3 rd wave.
there is no over lapping between 1 st and 4 th wave.
It is a weekly chart.
It can bounce from here.
weekly stochiastic is in over sold condition.
Main point to note here whether over lapping of wave 1 and 4 takes place or not.
if reliance declines and over lapping takes place..that will not negate the entire structre.
let us hope for the best.
if this post helps you don't forget to like.
follow me to get updates.
Note
Note
still 4 th wave has not entered in to the territory of 1 st wave today.Trade active
Trade closed: target reached
should fall to 2 nd wave position.
not in a staright line but gradually.
Note
1128
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.