Reliance possible downside (Elliott Wave Analysis)
The 5 legged impulse to the upside looks almost complete and hence should be followed by a corrective decline which can take Reliance to a minimum of 1080 and possibly even lower levels.
Stop Loss above last swing high 1140.
Stop Loss above last swing high 1140.
Catatan
Reliance : Update : Looks like we are moving down in a complex W.4 correction : Catatan
Updated Count : Looks to be progressing down for W.y down : Catatan
Either the correction is complete already or continuing as a Flat, in either case now the risk is too high to hold shorts, looking to re enter later would be a more ideal : 
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Author : Think with the Markets
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.