Reiance - short term
Observation:
1. Strong 3rd support at Rs.1874
2. 2nd support at Rs.2039
3. 1st support at Rs.2352
4. Formed Elliott wave 12345 pattern in DAILY timeframe, followed by correction wave (ABC)
5. After ABC, two bullish candle formed in daily with the help of volume spike (see right below).
6. Looks confirmation to go up of atleast 10% - Rs.2630+ in near term
1. Strong 3rd support at Rs.1874
2. 2nd support at Rs.2039
3. 1st support at Rs.2352
4. Formed Elliott wave 12345 pattern in DAILY timeframe, followed by correction wave (ABC)
5. After ABC, two bullish candle formed in daily with the help of volume spike (see right below).
6. Looks confirmation to go up of atleast 10% - Rs.2630+ in near term
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