Reliance Elliot Waves, Gap analysis, Head and Shoulders Pattern
Disclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong.
Reliance gives classic examples where it shows similar targets with help price action and Elliot waves.
Inverse Head and shoulders breakout target seems to reached
As 3rd Elliot wave is extended 5th Wave should be normal (not extended)
During Run up it created Breakaway Gap, Runaway Gap, Exhaustion Gap
Reliance gives classic examples where it shows similar targets with help price action and Elliot waves.
Inverse Head and shoulders breakout target seems to reached
As 3rd Elliot wave is extended 5th Wave should be normal (not extended)
During Run up it created Breakaway Gap, Runaway Gap, Exhaustion Gap
Penafian
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