Reliance daily candlestick chart. Putting up here to show examples of Wolfe Wave, a triangular pattern with 5 waves and a clear cut target line. In this case, previous two Wolfe Waves have been successful and targets have been achieved. Also marked a recent Wolfe Wave where I would be following up whether targets are met or not. Some guys are now talking about Nifty creating new highs over next few months and if that were to happen, Reliance could play an important part, it being an index heavy weight. In last few days, Reliance has had an upward gap up, then a downward gap and dojis since past two days. (disc: only for academic purpose, more to illustrate examples of Wolfe Waves, an interesting concept. No positions or recommendations)
| Subscribe To Our Free Newsletter |
