Old School or New School its same school Dheru Ka ka Moving Up
There is always a something special when we think about the reliance , and its so complex to trade on real time ,
Now here i am posting chart using Ranko Bar which are 27 Points of each , and as per my personal understanding its heading for 1600 , it has completed a very small correction wave 4 ,
here are few things you can learn form it
01) after formation of wave 1 they entered a side way correction
02) This side way correction was so complex that no one was sure where the price is heading until they broke out form 900 to 100 range which they stood quite long period
03) wave 3 is larger in price when compared to wave 1 which suits the logical guideline set by R N Elliott
04) wave 4 was very Quick and sharp drop Equally sharp pull back , trust me i never expected it will move up so fast
05) Currently its on the way to complete possible wave 5 , now here is again a information , Wave 1 & Wave 5 should have similarity by price length , based on the theory i have forecast this as possible wave 5 and moving towards 1600+ ,
When you dont get a proper information using candlestick chart , Go for price range bars or Ranko or P & F they will tell you where the scrip is heading
Good Luck
Now here i am posting chart using Ranko Bar which are 27 Points of each , and as per my personal understanding its heading for 1600 , it has completed a very small correction wave 4 ,
here are few things you can learn form it
01) after formation of wave 1 they entered a side way correction
02) This side way correction was so complex that no one was sure where the price is heading until they broke out form 900 to 100 range which they stood quite long period
03) wave 3 is larger in price when compared to wave 1 which suits the logical guideline set by R N Elliott
04) wave 4 was very Quick and sharp drop Equally sharp pull back , trust me i never expected it will move up so fast
05) Currently its on the way to complete possible wave 5 , now here is again a information , Wave 1 & Wave 5 should have similarity by price length , based on the theory i have forecast this as possible wave 5 and moving towards 1600+ ,
When you dont get a proper information using candlestick chart , Go for price range bars or Ranko or P & F they will tell you where the scrip is heading
Good Luck