ShreeKrishna

Long ( Continuation pattern )

Long
ShreeKrishna Updated   
NSE:RELIANCE   RELIANCE INDS
Currently this scrip has one possible scenario that is

Entering in Fish Market before it makes its another move ,

In its previous it made an Expanding Flat completing Wave 4 of Primary Impulse and its on the way to complete its 5 th Impulse wave on Primary Time frame

One can expect this kind of side way pattern which is seen often after such an Expanding flat patterns ,

I will still bet on this for Next move up 2216+

Stay tuned with this , its going to be Exiting move

Second Alternative view would be the same pattern before it finish the move at Higher level near 2100

Good luck people
Trade active:
Looks like its about to run form this price level ,

The Gov have banned Chinese Equipment in telecom ,
Reliance had acquired 5 G technology Company ( Semi Conductor Manufacturing )
in United states about 2 Year back , and it made an announcement around 4 Months back that reliance have developed Lower cost module in 5 G transmission equipment

Now the Spectrum Auction of 5 G is about to take place with in 2 to 3 Weeks ,

The competitors for equipment from Indian Manufactures are

The one only Damabni ( Reliance ) Group

Foreign Entity are , Ericsson, Alcatel Lu-cent , Few Russion Backed Semi Conductors Company ,

The Game is On , Stock will likely start moving up side as per my second alternative view

One can look for investing in cash segment
Comment:
Yesterday before Market open i had updated this , and the winner is

ShreeKrishna

Yeeeeeee haaaaaaaaaaaaaa

Come on people Enjoy the ride , We just booked 10 Lots of Futures from 1500 to 1760, 260 Points per lot , Made tonns of Money
We are holding in cash that is our long term Goal
Comment:
on June 09 i had posted this as long after consolidation or second forecast , move up ( sharp move ) then consolidation near the target i am looking
and it worked exactly for alternative view as sharp move ,

Just for your INfo , more than 1000 people of tweeter actors ware tweeting it as short sell, and more than 3000 telegram group scammers ware posting as short sell

My point is simple , Knowledge is the only key to get the proper results
Comment:
Surprised with the view , This is reality , I told very much in advance , This is going to Go up for 2200,
Now any of you are holding in Cash , Look to book before it becomes the Fish Market , it will have one more spike before This Friday , Make sure you book the Profits at best level ,

Regarding selling in Futures , its your own decision i would not consider this at this given point of time
Trade closed: target reached:
The winner is ShreeKrishna , Yes , I am the winner ,

this stock is legend , Once the Legend is always a Legend , Made my day ,

We have Booked in cash from 900 to 2133 and we booked our Rolling Futures

We made tons of Money ,

Time and again i have always said , if you want to become successful , then get a proper education , if you think of cost of education then You will pay the cost of ignorance

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.