Reliance Possible Wave Count option.

Jul 3, 2020

Can expect reliance to reach 2000 levels very soon.


Chart is for educational purpose only.

Jul 6, 2020

Note

Marching strong toawards Wave 5 inside Wave 3 of WAVE - 5 target.

Jul 6, 2020

Note

Target reached.

Jul 6, 2020

Note

Next , expecting a short correction mostly 0.236% of wave 3, approximately around 1810 levels.

Jul 7, 2020

Trade active

Sorry guys , i made a mistake, the 0,236% ret levels that we are expecting reliance to come down to from the high is 1777 (previously mentioned as 1810).

Jul 8, 2020

Note

Trade proceeding as planned. Target 1 to add longs @ 1777, active.
Next Target to reload is at 0.382% ret @ 1725,

For potential 5th wave Targets around 2000 levels as mentioned initially.

Jul 13, 2020

Trade active

RIL is hungry for to kiss 2000. We can most probably see that level tomorrow itself (SGX Nifty is very bullish, markets can open gap up tomorrow)
After that ill book half my position, move stop loss to below last swing high and let my profits run.

Cheers!

Jul 13, 2020

Note

One more thing, coincidentally and so surprisingly my level for RIL target termination is 2020 :D

Jul 16, 2020

Trade closed: target reached

Hope you had a fun ride! How precisely it retraced from my marked levels on chart. Isnt EW analysis amazing ?