Reliance Industry - Elliot Wave Setup
Spotted a Elliot wave setup in Reliance Industry on a daily chart.
Currently the Point B is being active, today's AGM has a positive effect on the share price, making a green candle.
The target price for point C has been identified with fibonacci setup which is also in a perfect state covering point 4, 5, A, B, and C
A short position can be taken movement price start moving towards point C with target of around 2836 with stop loss at 3129
We can expect a bullish movement from the point of 3129-3100
Currently the Point B is being active, today's AGM has a positive effect on the share price, making a green candle.
The target price for point C has been identified with fibonacci setup which is also in a perfect state covering point 4, 5, A, B, and C
A short position can be taken movement price start moving towards point C with target of around 2836 with stop loss at 3129
We can expect a bullish movement from the point of 3129-3100
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。