NSE:IOC 2nd Interpretation
NSE:CIPLA
NSE:BHARTIARTL First Interpretation
Lupin 4h Time frame next potential downtrend till 849 to 783 odd levels. We are in the corrective structure labeled as wave (4) wave (4) could be either zigzag or triangle. Its in a complete downtrend channel. NSE:LUPIN
Ending diagonal can form only in wave 5, but in this scenario i have predicted wave 3 as an ending diagonal due to overlapping in smaller degree.
RELIANCE INDS Weekly Elliot Wave Analysis Reliance Previous High was @ 1804.20 level Reliance still seems to be in uptrend direction till 1854.70 to 1989.90 odd levels. We are still in the 5th Impulse wave in Reliance. Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance...