Reliance Hourly Chart - Follow up Update -
19 - Nov - 2015
As anticipated on 22 Oct, Price moved towards the Resistance and couldn't break the resitance zone of 970-990.
From 22 Oct, Price is in the sideways correction and as per Neo wave theory, Price entered completed 2 standard correction and expected to move into the 3 rd and last correction pattern.
We expect the 3 rd correction would take support at 880 -930 range which was mentioned earlier.
Do not bullish in this untill the 3 rd correction is completed, Hence wait some more time :-)
Happy Trading and Happy Investing!!!
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Refer the Previous Article on Reliance dated 22 Oct 2015 -
http://yogeshtamkhade.blogspot.in/2015/10/reliance-industry-ltd-technical-study.html
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