RELIANCE INDUSTRIES LTD
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Is it time for RIL to start a new move?

1108
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.
Not
use 2245 as trailed sl
Not
broke out of falling wedge...attempting to now move above the previous minor wave iv and then to crucial 2500 level
Not
sl trailed to 2313

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.