Reliance Industries

Since RIL has been the main contributor to the Nifty whenever it pauses there is need to consider a change in leadership. I said pauses. A lot of people seem to want it to crash. I think you just get a 4th wave consolidation and this is wave 4 of 3 at larger degree. A fourth wave back to the lower channel line is possible but instead of a big down it could be a time consuming triangle. So lets see how this unfolds. This is only my imagination at this time. It will take a while to understand the actual pattern.