The wave that I was talking about is continuing with its upmove.....The next target can be 4673 where a minor loss of momentum may occur.....But if Nifty sustains above that, then the upward journey will continue smoothly....
Now, Reliance Q1 result was aparently bad and most of the market analysts are expecting it fall down....On the contrary, I feel that 1990-1950 will be a strong support zone which will be difficult to be broken on the downside...Instead, there is a very strong case for Reliance to move up to 2236 in a very short time span.....The reason for the expected upmove is again wave where the 6th extended upleg is giving a target of 2236.....
Now, Nifty has made a complete retracement after budget falls where the heavyweight RIL didnot. This gives RIL the scope to move up, thus pushing Nifty upwards strongly to meet the final target of around 5050....I will be really surprised if RIL fails to move up immediately....
Happy trading.....
Now, Reliance Q1 result was aparently bad and most of the market analysts are expecting it fall down....On the contrary, I feel that 1990-1950 will be a strong support zone which will be difficult to be broken on the downside...Instead, there is a very strong case for Reliance to move up to 2236 in a very short time span.....The reason for the expected upmove is again wave where the 6th extended upleg is giving a target of 2236.....
Now, Nifty has made a complete retracement after budget falls where the heavyweight RIL didnot. This gives RIL the scope to move up, thus pushing Nifty upwards strongly to meet the final target of around 5050....I will be really surprised if RIL fails to move up immediately....
Happy trading.....
1 comment:
If that happen with good vlmns, then it may become a breakout of inverted HNS. what u think Sapta
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