Fibonacci Ratio Analysis of Reliance Industries Ltd
8 April 2009
Most of you know that Fibonacci ratio analysis and Elliott Wave analysis go hand in hand. (Beware of the tendency to think that ratio analysis is more important than understanding the personality of the waves that make up a move). | |
In this post, I am going to show you why I think Reliance Industries Ltd faces a significant resistance at 1822. I use Fibonacci ratio analysis to illustrate my views. | |
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If you'd like to see how I work through Indian stocks in real depth, I cover this in Module 9, Module 10, Module 17 and Module 18 of my course, built around real Indian stock case studies like TCS, BHEL and Bajaj Finance.