Next , expecting a short correction mostly 0.236% of wave 3, approximately around 1810 levels.
Trade active
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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).
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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.
Trade active
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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!
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One more thing, coincidentally and so surprisingly my level for RIL target termination is 2020 :D
Trade closed: target reached
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Hope you had a fun ride! How precisely it retraced from my marked levels on chart. Isnt EW analysis amazing ?