Friday, July 26, 2013

>Reliance elliottwave analysis

Hi friends,
                    Reliance industries has been rising for sometime laborious move ,It fits well for the following wavecount we should start to see the weakness in it .
952 the previous high remains stiff resistance it reliance remains below that can go into a severe correction and go towards 750 .
Ideal trade would be short it near 940-950 or short bellow 870 stop loss 2% target 750 in about months time.


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