🚀 RELIANCE – 3 Month Breakout Setup

RELIANCE

🚀 RELIANCE – 3 Month Breakout Setup 📊 Stock: RELIANCE 💰 CMP: ~₹1340–₹1350 range Groww 🔍 Setup Overview Stock is trading ~16% below 52-week high (~₹1611) MarketWatch Recent sessions show volatile but active price movement with high volume spikes MarketWatch Consolidation phase → potential breakout zone forming 📈 Breakout Strategy 🔼 Buy Above: ₹1360–₹1380 (3-month resistance zone) 🎯 Targets: ₹1450 / ₹1520+ 🛑 Stop Loss: ₹1290 ⚡ Why This Stock? India’s largest private sector company with strong presence in energy, telecom (Jio), and retail StockAnalysis Continuous expansion (FMCG, green energy, retail scale-up) Analysts still include it among top stock picks recently The Times of India 🧠 Pro Tip This is a positional breakout trade, not for chasing. Wait for: ✔ Strong closing above resistance ✔ Volume confirmation