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.
Pls enjoy the wave analysis. Request not to trade blindly use some of your own analysis.
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Other scenario is (A) is completed and we are going for (B) which is an up move in ABC correction.
Pls enjoy the wave analysis. Request not to trade blindly use some of your own analysis.
Please like if you really liked it....!
Thank you.
Comment:
keep an eye at 1930-34
It was looking like a bear trap in the previous day fall.
Short covering may come very aggressively if cross 1975.