Reliance started run-up post news on Jio platform investment by different well known companies which resulted in 3rd Elliott wave.
Post news digestion retraced nearly 0.38% which made wave 4
Wave 5 will complete near 1646-66 thereby making negative Divergence with indicator like RSI and then start corrective wave ABC.
All dip towards 1370 add opportunity SL 1300
ONLY FOR EDUCATIONAL PURPOSE TRADE AT YOUR OWN RISK CAPACITY
Post news digestion retraced nearly 0.38% which made wave 4
Wave 5 will complete near 1646-66 thereby making negative Divergence with indicator like RSI and then start corrective wave ABC.
All dip towards 1370 add opportunity SL 1300
ONLY FOR EDUCATIONAL PURPOSE TRADE AT YOUR OWN RISK CAPACITY
Comment:
Reliance ready to hit target tomorrow make sure you book full 200 points past 1650.
Trade closed: target reached:
Made high 1648 wave 5