Bullish scenario
Updated
weekly chart of reliance starting from march 2020.
Fits in to a leading diogonal.wave 3 is not the shortest.overlapping of wave 4 and wave 2.major 1 st wave ended in may 22.there after reliance had a pull back in 2 nd wave.Now 3 rd wave is in progress,inverted
head and shoulder pattern can be visualised here.
At least target of 3089.7 can be reached.this is weekly chart hence not a f&o recommendation.
Fits in to a leading diogonal.wave 3 is not the shortest.overlapping of wave 4 and wave 2.major 1 st wave ended in may 22.there after reliance had a pull back in 2 nd wave.Now 3 rd wave is in progress,inverted
head and shoulder pattern can be visualised here.
At least target of 3089.7 can be reached.this is weekly chart hence not a f&o recommendation.
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Note
reliance right on the track.
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