Long term investment in reliance industries
Investment Strategy:
Reliance Industries has been in a contracting triangle from
past 8 years, Break of this Triangle on the upside can be a
good indication to buy and hold for long term.
Elliott Waves Terms triangle often occurs in wave 4 as complex correction.
so we can expect wave 5 to create a new high
Target: 1800
Timeframe: yr-2019
Reliance Industries has been in a contracting triangle from
past 8 years, Break of this Triangle on the upside can be a
good indication to buy and hold for long term.
Elliott Waves Terms triangle often occurs in wave 4 as complex correction.
so we can expect wave 5 to create a new high
Target: 1800
Timeframe: yr-2019
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