Reliance Industries (RELIANCE)

Technical View: Reliance closed at ₹1,381 (+0.28%), extending its sideways consolidation phase. The stock is forming a base near ₹1,360–₹1,370, which has acted as a strong support zone multiple times. RSI near 49 indicates neutral momentum — neither oversold nor overbought — suggesting potential accumulation at current levels. A breakout above ₹1,405–₹1,420 could trigger the next leg higher toward ₹1,470–₹1,500, while support lies near ₹1,350. Fundamental View: Reliance continues to drive long-term value through diversified businesses — energy, retail, and Jio platforms. The upcoming rollout of AI-powered 5G and strong growth in the consumer and new energy segments are expected to offset weakness in refining margins. Long-term fundamentals remain robust with steady earnings visibility and strong balance sheet.