RahulNagpal

Long term investment in reliance industries

NSE:RELIANCE   RELIANCE INDS INR10(100%DEMAT)
Investment Strategy:

Reliance             Industries has been in a contracting triangle from
past 8 years, Break of this Triangle on the upside can be a
good indication to buy and hold for long term.

Elliott Waves Terms triangle often occurs in wave 4 as complex correction.
so we can expect wave 5 to create a new high

Target: 1800
Timeframe: yr-2019
monzuber
6 months ago
what is trend / view in June Expiry Month ??? Experts / Pro please suggest..
Reply
tovishal2001
4 months ago
thats not a triangle. Trend lines drawn wrong
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tovishal2001
4 months ago
and Eilliot wave don't work over 10 years timeframe. Idiots apply Elliot as if it is 12345 kindergarten song. Read Elliot theory.
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tovishal2001
4 months ago
this week, reliance should see 975 first target, and 965 as second target. Its in correction.
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tovishal2001 tovishal2001
4 months ago
i expect correction to continue towards 900 this year. upside less likely. Reliance is bearish even in strong market. Reliance is not a growth stock as used tobe. Its good for intraday trading, nice up and down, baby. F8ck her
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