Reliance possible downside (Elliott Wave Analysis)
Actualizado
The 5 legged impulse to the upside looks almost complete and hence should be followed by a corrective decline which can take Reliance to a minimum of 1080 and possibly even lower levels.
Stop Loss above last swing high 1140.
Stop Loss above last swing high 1140.
Nota
Reliance : Update : Looks like we are moving down in a complex W.4 correction : Nota
Updated Count : Looks to be progressing down for W.y down : Nota
Either the correction is complete already or continuing as a Flat, in either case now the risk is too high to hold shorts, looking to re enter later would be a more ideal : 
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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