Is RELIANCE Approaches towards Wave - 5 END ?

All Fundamental News are discounted.
Trading (@ 1623) in Crucial Zone @ 1620 - @ 1660.
As per impulsive wave count
RELIANCE approaches towards end of Wave - 5.

In Ichimoku analysis:
Tenkan-sen & Kijun-sen Turns to flat from UP trend.
Some steam left to lift the counter @ 1664 - @ 1673 - @ 1685 level.
Though as wave count @ 1673.5 looks Strong.

Go Short Above @ 1665+ (Preferable @ 1673 - @ 1684)
TARGETs as plotted on the chart.
Due to BONUS Announcement some extra-ordinary activity can be seen.
Use proper HEDGE Strategy, to minimize Loss.
All Prices mentioned here, in CASH / SPOT Basis.

Strategy for FUTURE: On Query on Comment Box.
more updates as per movement.

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor

Comment:

INTRADAY Level Values in Side-pane having LINE Colour.

Comment:

LTP: @ 1588 at 12.45 pm
Made a low @ 1578
achieved TARGET #1.
Mentioned "TPZ: @ 1585 - @ 1576"

Comment:

Made a LOW @ 1533
Enter "TPZ -2": @ 1538- 1514.
Cover Short @ 1520 - @ 1525 level
(as possibility to come today early trade)