RELIANCE INDUSTRIES — BIG BREAKOUT SETUP Reliance Industries LimitedNSE:RELIANCEtrailingtradesc85cd5c9f87345fbTechnical Rationale | Daily Time Frame Reliance Industries is currently approaching a major resistance zone near ₹1,340, formed by connecting the key resistance levels of 5 Jan 2026 & 7 May 2026. Time Cycle: The stock has completed nearly 109–110 days of range-bound consolidation, making the current setup technically significant. Volume Confirmation: A massive volume of approximately 31M shares was generated near the bottom, followed by a continuous upside move — indicating strong buying participation. Key Levels: Major Support: ₹1,290–₹1,300 Breakout Zone: ₹1,340–₹1,350 Target Zone: ₹1,424–₹1,440 Potential Upside: ~6% Why This Setup Is Important? 109–110 days consolidation completed Strong volume near the bottom Continuous recovery after volume accumulation Stock approaching major resistance Breakout with volume can trigger a strong upside move Key Trigger: A decisive breakout and sustained move above ₹1,350 with strong volume can confirm the setup. Stay Alert. Breakout confirmation is the key! Educational analysis only. Trade with proper confirmation and