RELIANCE IMPORTANT INTRADAY LEVELS FOR THE MONTH OF AUGUST

RELIANCE NIFTY MAJOR STOCK

DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.

Reliance is bullish in the higher timeframe like Weekly / Monthly but still we have seen some profit booking in the past sessions due to which we have seen some bearish movements in the smaller timeframe.

So keeping that in mind, I have marked all the probable bullish levels as well as bearish levels so that we have an edge over both sides.

Although it seems difficult for Reliance to make any major moves this month and we might see travelling it in a range.
But if during the month we see Reliance travelling above 2nd long target or the 2nd short target then volatile moves might be seen.

Since Reliance is a favourite stock of Trader as well as heavy stock of Nifty 50 , I have taken due care to mark these levels.
But do remember all these marking are based on probable calculations and at any point of time can be proven wrong.

A wise Trader always take risks with stoploss and Book profit at / near the Profit booking area.

I will keep updating this idea throughout the month, or i will drop some important levels in the MINDS section, so do subscribe to get yourself notified about the important updates as soon as possible.

Comment:

Today we have observed some volatility in the market but still had seen Reliance moving around these levels.

Comment:

Reliance is trading near its 1st long target for the month and breakout above the 1st target might give us some bullish movements.