RELIANCE (NSE) - Elliott wave analysis

RELIANCE - It is in final wave of 3rd wave down of C wave within ABC zigzag down in 60 min time frame. stay bearish for new low as target around 2085-75 zone. Thereafter it may bounces off from bottom to make 4th wave higher as corrective cycle. Once 4th wave over, it will again go down in 5th wave of C down to complete the full cycle and make a lowe below 2040

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