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WaveTalks
Dec 17, 2020 7:44 AM

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

RELIANCE INDSNSE

Description

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
Comments
VishalSancheti


I have a view that ABC correction is finished with proper time spending of 3 months,
now new wave in form of wave 3 is going to start and we are reaching new highs & my immediate target is 2550
pveesamshetty02
many thanks ABhishek ji.
kapsnd4u
Thanks Abhishek sir
RishabhGandhi250218
Today high 2022 holding below 2038.
Great analysis.
RishabhGandhi250218
Please share your view on Nifty also. It will be great to have your analysis.
vibhorjain81
Completely agree. It can make one last swing up to 2015-2020 before starting the down move
sachinsreedharan
Thank you
jijoycanto
thank you sir... was really waiting for your video ideas...
Akshay77
Thank you sir. #RIL will shock everyone.
vibhorjain81
great analysis
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