Is it time for RIL to start a new move?The largest company in India by market cap has been in a corrective selling mode for the past three and half months.
The corrective pattern appears to be an Elliot wave ABC correction.
The stock also seems to be taking support from the low of previous 4th wave(typical price behavior according to Elliot wave theory). So then is it really time for Reliance to climb up towards the 3K mark?
Note*- This post is for educational purpose only.