Reliance short to medium term play
As per this count, currently the price seems to be in wave (v) of circled black wave iii.
Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high.
1.618 extension of circled black wave i at 3259.60 could be used as a potential target [subject to internal wave count of blue wave (v)]
WIll update the chart as price develops further.
Thanks for reading!
Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high.
1.618 extension of circled black wave i at 3259.60 could be used as a potential target [subject to internal wave count of blue wave (v)]
WIll update the chart as price develops further.
Thanks for reading!
Note
Details on chart.
Shall update on further development.
Thanks for reading.
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