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VigneshRaja-UthayaKumar

Reliance - Swing Trade (Target - 2500)

Long
RELIANCE INDS (NSE:RELIANCE)  
VigneshRaja-UthayaKumar Updated   
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns RELIANCE relianceindustries NIFTY nifty50 sensex impulsewave correctionwave elliottwaveprojection
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trendanalysis chartpattern reliance relianceindustries nifty nifty50 sensex impulsewave correctionwave elliottwaveprojection
#Study Material

Just an "Introduction of the Elliot wave theory". Keep this as a study material.

Comment:
Wave 4 has been aligned to Rs.2406. Which is a bit higher than the wave 1. Until and unless the wave 4 enters wave 1, the drawn elliot wave is good to hold. The early morning start will decide it. If it bounces back, target can be set at 2500/2600
Trade closed manually:
Didn't went according to the theory. Entered the territory of wave 1, which is not supposed to happen for Elliot theory.
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