Reliance -Last Leg Running Upside (Proposed Wave-4 Triangle)

Video Update- Reliance Expected Move & Bank Nifty Quick Recap

Comment:

10:43 Hrs / 18th Dec2020

Last Price- 1972

Got small fall from 2005 to 1965 - It is still holding above 1950-1960 Trigger zone so upside small cannot be denied

Holding above 1950-1960 zone - small bounce can be expected to 1990-2000 & above 2000 to 2015-2020 zone

Later If stock holds below 2038 Highs then we can expect sell again

Comment:

15:22 Hrs / 18th Dec2020

Last Price- 1999

Reliance Bounced as expected from 1965-1970 to 1990-2000 zone intraday

Trade active:

12:39 Hrs / 21st June 2020

Last Price - 2006

Day High - 2020

Expecting a fall to 1985-1990 zone ------------if holds as support then one more push upside towards 2020-2030 zone -later make sure it is holding below 2038 for bigger sell.

Thanks

Trade active:

14:05 Hrs / 21st Dec2020

Last Price- 1988

Day Low - 1981.50

Target achieved downside as expected in 1985-1990 zone - There is a dynamic support here 1985-1990 as suggested earlier

Holding this zone - it can push upside 2020-2030 but keep in mind - for a bigger sell it should hold below 2038 highs also suggested above

Nifty Last - 15567

Trade active:

Trade active:

14:20 Hrs / 21st Dec2020

Last Price- 1984

Careful - Fall Not stopping below 1985 then 2022 has been the top & look for 1895 / 1835 / 1750

Trade active:

Reliance going through 1950-1960 zone

Picture at the day high 2020 - Was that top in wave-e @ 2020 for the day

Trade closed: target reached:

Partial Target done close 1835 lows ------------Day Low @ 1855 so far from 2022 Highs