"Reliance has tested the 2 year resistance or fence where it escaped and has started to fall back."
Presently, it is getting support around lower Bollinger band. Is it time to start accumulation around 705-720 band? Reliance has an intrinsic value of around 685 and buoncy in crude oil augurs well .
According to EWIndia blogger :"If this is in C wave as marked, we should be at 465 sooner or later!" http://www.elliotwaveindia.com/2011/11/reliance-bear-setup.html
According to EWIndia blogger :"If this is in C wave as marked, we should be at 465 sooner or later!" http://www.elliotwaveindia.com/2011/11/reliance-bear-setup.html
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