) is currently trading at Rs.1,321.30, up 1.33% in the latest session. The stock is trading below its 200-day moving average (Rs.1,413), indicating a long-term bearish structure. It has slipped below the 50 DMA (Rs.1,339), showing medium-term weakness. RSI at 52.4 is neutral, offering no strong directional signal. MACD histogram is positive, confirming upward momentum. Volume is weak at 0.5x average, suggesting the current move lacks conviction. ADX at 15 indicates a weak or range-bound market. Mean-reversion strategies may work better than trend-following. IMPORTANT: Double Top (M) detected -- Two tops at Rs.1,361 and Rs.1,333. Neckline at Rs.1,259 (4.7% below CMP). Breakdown below neckline confirms. Target: Rs.1,157. This is a high-reliability pattern. IMPORTANT: Head & Shoulders detected -- Head at Rs.1,457, shoulders at Rs.1,361/1,333. Neckline Rs.1,259. Breakdown target: Rs.1,061. This is a high-reliability pattern. OUTLOOK: The weight of technical evidence is bullish. RELIANCE shows 3 bullish signals against 1 bearish. Near-term upside target is R1 at Rs.1,331, with support at S1 Rs.1,305. A break above Rs.1,339 (50 DMA) would strengthen the bullish case. CHART PATTERNS: Double Top (M) (FORMING): Two tops at Rs.1,361 and Rs.1,333. Neckline at Rs.1,259 (4.7% below CMP)

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