https://www.tradingview.com/x/Kc02NnFf/ https://www.tradingview.com/x/wNfIOTvP/ Attached are 12 M , 1d and 1H charts of Reliance. 1. 12M Chart shows 2282.25 is the pivot and R1, i.e. Fibonacci 8 Level as per my customize indicator is 2284.95. 2. 1D Chart shows that taking high of the present swing as 2621.7, 2295 is the zero Fibonacci level. Price is just above 200 SMA shown by white curve. 3. IH chart also confirms the same.
4. Elliot Wave: In my earlier discussion, on the stock, Elliot curve analysis showed that the lowest level till where it can retrace is 2370.25. Link provided.
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