rachit24x7

rachit24x7

#ElliottWaves #Reliance Tracking this idea since few weeks. C is between 100% to 123% of Wave A. If ABC is the be confirmed, it should return back to impulse. Fundamental: Record date for stock split is 28th for which buying should happen by 25th Oct. which may have some upswing possibility.

rachit24x7

Wave 2 retrenchment was exactly at 50% Wave 3 had a large upside extension to 2.618. Wave 4 is under complex correction currently as it seems If above holds true, it is likely to resume upswing soon in Wave 5 with upside at 1.618 level of Rs . 2385. Investors should continue to hold.

rachit24x7

Attempt to map the Elloitt Wave formation in HDFC Bank.