Reliance Possible Wave Count option.

3 Jul 2020

Can expect reliance to reach 2000 levels very soon.


Chart is for educational purpose only.

6 Jul 2020

Catatan

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

6 Jul 2020

Catatan

Target reached.

6 Jul 2020

Catatan

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

7 Jul 2020

Trade aktif

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).

8 Jul 2020

Catatan

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.

13 Jul 2020

Trade aktif

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!

13 Jul 2020

Catatan

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

16 Jul 2020

Trading ditutup: target tercapai

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