imkhushal

Wave analysis of Reliance Industries

Long
imkhushal Updated   
NSE:RELIANCE   RELIANCE INDS
It looks like reliance has completed ABC pattern of correction and will move for 3rd (i) if that's true the price may open with a Gap as the correction against wave 1st (i) has been done approx 78% which indicate the Gap up opening.

Other scenario is (A) is completed and we are going for (B) which is an up move in ABC correction.

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Comment: Opening at 1951...trail you SL...may touch 2000 today itself.
It was looking like a bear trap in the previous day fall.
Short covering may come very aggressively if cross 1975.
Comment: keep an eye at 1930-34

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