“Reliance Industries is well-positioned for earnings growth due to long-term structural catalysts. Technically, the stock has completed a correction phase, finding strong support near ₹1,280. In the near term, a recovery towards ₹1,450-1,480 is expected, though strong resistance and profit booking may limit gains. A decisive breakout above ₹1,600 is needed to invalidate the long-term bearish reversal pattern and signal a new uptrend.”