Nifty In Waves - 6 Apr 2022Hi,
As seen on the chart...we have completed wave 1, wave 2 and wave 3...and currently wave 4 is going on.
It might complete near 17750 , and then we might have the last 5th Wave.
1st Wave got us 540 points.
3rd wave got us 670 points.
So the 5th wave could go till atleast 540 points from the lows of 17750...which gives us a target of around 18300.
We need to be careful around these levels.
Nseindia
RELIANCE - NSECo website
www.ril.com
39% Market share in telecom ( JIO ) with a possibility of only two telecom servicies to remain in India- Airtel and Jio.
Fast growing broadband presence
Oil bullish for $90 + to pump the bottomline of reliance
Front runner in bringing 5G to india, multiple investments from BIG names-- Facebook, Google, Silver Lake, Vista Equity Partners etc
Focus on renewable energy, control over mass media.
In short- An Elephant
Trivia- look JIO in a mirror and you get OIL, after all data is the new oil :)
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lUX iNDUSTRIES
SA 2865
TARGETS 3265-3400
SL 2478
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