Reliance seems to be in wave 5 of A of larger degree wave 2.
Couple weeks ago we saw a super strong(dragonfly doji) bounce back from 1800 so wave 5 likely to get truncated around same levels and we can witness a long side correction in form of wave B
Long term buying should come in around 1600 eventually
Support/Resistance conveniently placed 200 points apart 1600/1800/1980/2200/2370.
Couple weeks ago we saw a super strong(dragonfly doji) bounce back from 1800 so wave 5 likely to get truncated around same levels and we can witness a long side correction in form of wave B
Long term buying should come in around 1600 eventually
Support/Resistance conveniently placed 200 points apart 1600/1800/1980/2200/2370.