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Elliottwaveprojection

Reliance- (penultimate wave) Is that last move upside 2300+As suggested in last idea - 1st Sep 2020 mentioned below, we look for upside move for 2200 if holds above 2060. Went below & retested 2047-C(Wave Low) & Bounced Hard Upside from 2044 levels. Usually, Penultimate waves forming triangular correction are the last waves as suggested by Wave Gurus . Let us see what happens next? ---------------------------------------------------------------------------------------------------------------------- This is not a trading call. Kindly do your own due diligence. Consult a financial advisor before taking any trading based on this view. --------------------------------------------------------------------------------------------------------------------------
NSE:RELIANCE
by WaveTalks
7
LT Impulse down Wave 5, Pain Still LeftLarson & Toubro about to start Downward 5th Impulse wave which will be truncated. Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025. Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692. Not expecting to go below march low 661 Case 2: Moves up and touches 1025 then wave count from march low is WRONG. Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
NSE:LTShort
by Niftydirection
2