Here is a catch, Reliance industries is showing a bullish stance many TV analysist are Bullish on reliance, Everyone is Saying that Nifty has made its bottom and new highs coming soon.
BUT WAIT !! HOLD ON.....
Market has its Own structure and Travels along with its Waves (Elliot Waves), I have a Bold Judgement in Reliance beacuse Wave C is Still pending (WAVE ABC ARE CORRECTIVE WAVES IN ELLIOT WAVE THEORY)
So Short Reliance Ind @1310-1330 Stoploss @ 1350 Target @ 1150
NOTE : This is for Educational Purpose please take trade according to your financial Advisor.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.