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AdarshDey
Oct 31, 2021 2:22 PM

Reliance Industries ltd. 

RELIANCE INDSNSE

Description

Reliance Industries Ltd has formed a Bullish Wolfe Wave structure in Hourly chart.This could trigger a target for 2570 to 2676. The SL very strictly stands to be at 2500.
The last Analysis done on Reliance was on 31st July 2021 at 2030 Level. And the bottom was very accurately predicted.And rest is History.Link is below


Chart & Analysis -ADARSH DEY

Trade active

As it is trading above SL. LONG Again. and the SL should be the previous day low.

Trade active

Wolfe Wave seems to be active

Comment

Approaching First target. Safe traders can exit now.
Comments
jai57443
Hey...
The target you have given is expected to come in how much days??
AdarshDey
@jai57443, Hi ! I haven't done the time analysis so can't say exactly. Just at EOD closing,check if it not below SL. Happy Trading !
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