Reliance will decide the nifty course.

Atualizado
what you see and what you feel ?
what you see impotant.
as shown in the chart it is in 3 rd wave.
Of course retraced 23.6 percent of it.
in some cases when 3 rd wave is extended it can retrace 23.6 percent.
It seems here it is extended here,
Normally 4 th wave retraces 38.6 percent of 3 rd wave.
Its result is tomorrow.In case of good result it can lift nifty along with it.
I am not predicting here any thing,but its uptrend still left.
so many noises during result days better to wait to see how it is performing
on that day(tuesday)Please go through my earlier post of reliance.
if this post helps you like it.
follow me to get updates.
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snapshot
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down side target 2714,that is 38.6 percent level.
But upside targets as shown in the chart.
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snapshot
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appears to be triangle break out in Reliance.
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snapshot
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2950 is resistance.wait there and buy on pull back
Chart PatternsTrend AnalysisWave Analysis

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