Short term analysis of RelianceReliance Industries LimitedNSE:RELIANCEChartMasteryHQWrap up:- As Reliance is making a wxy pattern in Major wave 3 of which wave w has been completed at 1217and wave x is in progress. In wave x, it is making a internal wxy pattern of which wave w has been completed at 1551, wave x has been completed at 1307 and wave y is in progress for a probable target of 1640-1719. Low risk entry range is 1355-1345. Pattern is negated if it is even touched 1307. Disclaimer: Sharing my personal view — only for educational purpose not financial advice. "Don't predict the market. Decode them."