rishiisal

What a Beautiful Impulse!

Long
NSE:RELIANCE   RELIANCE INDS
Would you miss that trade? From 0.618 to -0.236 is a Algo play. Excellent opportunity to go long with almost 10:1 R:R. If we get true 3rd, then targets are significantly higher. This is a short term count only from oct19 low. So it might be possible that this impulse is nothing but impulse into the counter trend waves, because the correction we got before oct 19 low is to small in time and shallow in corrective waves. So bottom line is if this short term scenario works, there is nice opportunity to make a position on this Giant.

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