Reliance presents a compelling buy-side technical rationale with the stock consolidating above key 20/50-DMA support (~₹2,720) forming a bullish flag pattern that signals impending upside breakout. RSI around 58 indicates healthy momentum buildup without overbought conditions, while MACD shows bullish convergence with histogram expansion confirming renewed buying pressure. Higher volume on recent upticks validates accumulation—attractive long entry targeting ₹2,850 resistance with stops below flag low for optimal risk-reward profile.
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