Reliance Industries is showing a significant bullish

Reliance Industries is showing a significant bullish reversal from its long-term support zone around ₹1,155–₹1,160, which has acted as a strong demand area multiple times in the past. After a prolonged downtrend and formation of lower highs, the stock has witnessed a sharp recovery, indicating aggressive buying interest near support. The recent price action suggests a possible short-term trend reversal, but confirmation is required through sustained trading above ₹1,300–₹1,320, followed by a breakout above ₹1,360. If momentum continues, further recovery towards ₹1,400–₹1,440 may become possible. However, ₹1,155–₹1,160 remains a crucial support zone, and a decisive breakdown below it could weaken the structure again. The key concept here is repeated support testing followed by a sharp bullish reversal.