{"symbol":"RELIANCE","slug":"reliance","name":"Reliance Industries","group":"India","asof":"2026-11-06","price":1320,"scale":"log","headline":"cycle I complete, cycle II down, primary B up","trend":"down","swing":"up","invalidation":1611.8,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"cycle I complete at ₹1,611.80 (2026-01)","structure":"","next":"","window":null,"invalid_if":{"price":1611.8,"direction":"above"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"down","wave":"cycle II down from ₹1,611.80 (2026-01), in progress","target":{"low":570.48,"high":413.91},"invalidation":1611.8,"window":null},{"timeframe":"Weekly","degree":"Primary","direction":"up","wave":"primary B of cycle II up from ₹1,152.50 (2026-10-30), in progress","target":{"low":1362.94,"high":1417.96},"invalidation":1152.5,"window":null},{"timeframe":"Daily","degree":"Intermediate","direction":"up","wave":"intermediate (A) of primary B up from ₹1,152.50 (2026-10-30), in progress, in minor 5","target":{"low":null,"high":null},"invalidation":1152.5,"window":null},{"timeframe":"Hourly","degree":"Minor","direction":"up","wave":"minor 5 of intermediate (A) up from ₹1,295.60 (2026-11-06 09:15 IST), in progress","target":{"low":1359.38,"high":1366.46},"invalidation":1295.6,"window":{"from":"2026-11-06","to":"2026-11-11","likely_from":"2026-11-07","likely_to":"2026-11-09"}},{"timeframe":"15-minute","degree":"Minute","direction":"up","wave":"minute 3 of minor 5 up from ₹1,307.80 (2026-11-06 13:00 IST), in progress","target":{"low":1326.37,"high":1337.98},"invalidation":1307.8,"window":{"from":"2026-11-06","to":"2026-11-06","likely_from":null,"likely_to":null}}],"answer":"Reliance Industries (RELIANCE) Elliott Wave count at the Nov 6, 2026 close (price 1,320): the called count is cycle I complete, cycle II down, primary B up. It is invalid above 1,611.8. On the daily chart, intermediate (A) of primary B up from ₹1,152.50 (2026-10-30), in progress, in minor 5 (invalid below 1,152.5).","markdown":"https://elliottwaveatlas.com/markets/reliance.md","history":[{"date":"2026-11-06","price":1320,"status":"held","headline":"cycle I complete, cycle II down, primary B up"},{"date":"2026-11-05","price":1313.4,"status":"held","headline":"cycle I complete, cycle II down, primary B up"},{"date":"2026-11-04","price":1311,"status":"held","headline":"cycle I complete, cycle II down, primary B up"},{"date":"2026-11-03","price":1307.9,"status":"held","headline":"cycle I complete, cycle II down, primary B up"},{"date":"2026-11-02","price":1252.6,"status":"held","headline":"cycle I complete, cycle II down, primary B up"},{"date":"2026-10-30","price":1164.9,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-29","price":1167.4,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-28","price":1158,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-27","price":1196.2,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-26","price":1201.8,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-23","price":1190,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-22","price":1184.5,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-21","price":1209,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-19","price":1202,"status":"held","headline":"cycle I complete, cycle II down"},{"date":"2026-10-16","price":1211.2,"status":"new","headline":"cycle I complete, cycle II down"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}