Reliance Possible Wave Count option.

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Can expect reliance to reach 2000 levels very soon.


Chart is for educational purpose only.

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ملاحظة

Marching strong toawards Wave 5 inside Wave 3 of WAVE - 5 target.

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ملاحظة

Target reached.

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ملاحظة

Next , expecting a short correction mostly 0.236% of wave 3, approximately around 1810 levels.

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تم فتح الصفقة

Sorry guys , i made a mistake, the 0,236% ret levels that we are expecting reliance to come down to from the high is 1777 (previously mentioned as 1810).

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ملاحظة

Trade proceeding as planned. Target 1 to add longs @ 1777, active.
Next Target to reload is at 0.382% ret @ 1725,

For potential 5th wave Targets around 2000 levels as mentioned initially.

١٣ يوليو ٢٠٢٠

تم فتح الصفقة

RIL is hungry for to kiss 2000. We can most probably see that level tomorrow itself (SGX Nifty is very bullish, markets can open gap up tomorrow)
After that ill book half my position, move stop loss to below last swing high and let my profits run.

Cheers!

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ملاحظة

One more thing, coincidentally and so surprisingly my level for RIL target termination is 2020 :D

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أغلقت الصفقة: تم الوصول للهدف

Hope you had a fun ride! How precisely it retraced from my marked levels on chart. Isnt EW analysis amazing ?