Reliance Industries 5th Elliot Wave
Updated
1. To confirm the 5th wave downwards we are seeing ...
a. Fibonacci retracement at 0.5 % level of the range (previous rally)
b. Guppy fast moving averages have touched the slow moving averages and are seen to be coming down.
c. The target could be 1.27 levels of the range along with the Fibonacci time extension.
a. Fibonacci retracement at 0.5 % level of the range (previous rally)
b. Guppy fast moving averages have touched the slow moving averages and are seen to be coming down.
c. The target could be 1.27 levels of the range along with the Fibonacci time extension.
Note
In view of the RBI Repo rate change which is likely to boost liquidity in the market there might be a sudden surge in the chart. A sudden effect may however not last longer. First decide about where to keep your Stop-losses before you initiate a trade.Trade closed manually
Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion. Reliance trading SL has triggered.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.