yogi_sharma_elliottician

#Reliance has potential to move up

NSE:RELIANCE   RELIANCE INDS
Elliot wave seems to be bullish , short term investors and positional traders can find a good entry around 1900 or above 2045.
It's better to get confirmation around 1900/1940.
Targets could be Fibonacci levels mentioned above. Plan your trades accordingly.

Link below for the previous idea.

Regards
Comment: The price has reached expected area, but without confirmation do not go long
Comment: Current levels indicating bullish momentum

Comments

Again loss will come in reliance who has had investments in small companies with big growth rate .
Money is going other basket .
Reliance giving tricky and false news
The time come to be action Oriented .don't go this trade as this is a trap.
Retailer must be punished by big conglomerate.
Reliance will fall to 1856 as investments divergences found .
+2 Reply
@nandajyoti07058, thank you for your valuable comment.
Reply
Time & Again I have mentioned in my Video , its Not" Elliott wave seems to be bullish " ( What you have written) , it is the trend which demonstrate the Strength and Probability of Meeting the forecast , if you do not understand simple concept of theory and the price behavior then your representation is completely means nothing
+2 Reply
@ShreeKrishna, lol, okay :D
Reply
@ShreeKrishna, your point is not valid here, because all I mean is new impulsive might have started. Good luck!
Reply
Nice analysis Sir, I am new , Sir I have one question are these harmonic patterns valid if gaps are in between as I read somewhere Harmonic patterns are not valid if gaps are in between. waiting for your reply
+1 Reply
@sushmachoudhry46, I didn't get you exactly, because I have not used harmonic. And even in harmonic I don't think gaps should create any problems unless and until you draw harmonic patterns correctly. Thank you for your valuable comment!
Reply
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