2 blue-chip giants flash ‘buy’ signals as Nifty rally strengthens ahead of Q2 results

With the Nifty 50 breaking above key levels and the banking index hitting fresh highs, analysts at Financial Express highlight that large-cap firms Reliance Industries and HDFC Bank are showing strong technical breakouts. Reliance has reversed a prolonged downtrend and is above its 200-day moving average, while HDFC Bank has broken a descending-triangle pattern with convincing volume. The setup suggests potential further upside ahead of the festive and earnings season. :contentReference[oaicite:5]{index=5}