RELIANCE - CHANCE OF GETTING REVERSE AT 2350-2360 LEVEL
HI,
Reliance is moving on 'c' wave as per wave analyasis. Presently it is showing that the 4th minor wave of the ''C' wave is in progress which would reach at 2360 where it may find a resistance and from there it may come down to start a final wave i.e. 5th minor wave of the 'C' wave. If that happens it may go below 2060 to start a new bull cycle if it doesn't go into double correction. That levels we can check once it finishes it's 5th minor wave of the 'C' wave.
Reliance is moving on 'c' wave as per wave analyasis. Presently it is showing that the 4th minor wave of the ''C' wave is in progress which would reach at 2360 where it may find a resistance and from there it may come down to start a final wave i.e. 5th minor wave of the 'C' wave. If that happens it may go below 2060 to start a new bull cycle if it doesn't go into double correction. That levels we can check once it finishes it's 5th minor wave of the 'C' wave.