RELIANCE presents compelling buy-side technical opportunity holding above pivot ₹1,404.8 support (S1 ₹1,394/S2 ₹1,380.2) with recent bounce from ₹1,391 low signaling capitulation exhaustion amid market recovery, despite short-term resistance at R1 ₹1,418.6/R2 ₹1,429.4. Bullish momentum from narrowing MACD and neutral RSI consolidation near 50-DMA ₹1,415 confirms accumulation phase creating favorable risk-reward setup targeting R3 ₹1,443.2 breakout, supported by higher lows formation. Attractive long entry with tight stops below S2 ₹1,380.2 for optimal upside capture in market heavyweight amid telecom/energy tailwinds.Warning-
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