Reliance IND for NSE:RELIANCE by stoxtek

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Reliance has finish its target and stop loss Hunting zone
now trading below FIBONACCI level of 1.618 (trend reversal)

Comments

nice discussion...this will help even other traders a lot..

Thank you Guys

I think he is correct as per Elliott wave, yes move can extend up-to more then normal but here is as Elliotwave theory not anybody invest or disinvestment. Good work buddy

Trend is up of RIL, if it cross 2027, Bullish trend reversal up to 2081/2082 zone, if sustains above 2082 Monday onwoards 2158 final tgt.

Can you pl give SL & also alternate scenario/move up if it goes up ?

LearningJoe

@LearningJoe, Once the stock hits the target which is marked in the BLUE ARROW i will again update it with the new target.
regarding stop loss (it depends if your a long term, short term or a intraday trader)

stoxtek

@stoxtek, Again today PIF, a foreign investor has invested $1.3 Billion in Reliance Retail. May turn the tables tomorrow.