Is it time for RIL to start a new move?
The largest company in India by market cap has been in a corrective selling mode for the past three and half months.
The corrective pattern appears to be an Elliot wave ABC correction.
The stock also seems to be taking support from the low of previous 4th wave(typical price behavior according to Elliot wave theory). So then is it really time for Reliance to climb up towards the 3K mark?
Note*- This post is for educational purpose only.
The corrective pattern appears to be an Elliot wave ABC correction.
The stock also seems to be taking support from the low of previous 4th wave(typical price behavior according to Elliot wave theory). So then is it really time for Reliance to climb up towards the 3K mark?
Note*- This post is for educational purpose only.
Nota
use 2245 as trailed slNota
broke out of falling wedge...attempting to now move above the previous minor wave iv and then to crucial 2500 levelNota
sl trailed to 2313
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.