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}
positive
10h ago
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}
positive
2 blue-chip giants flash ‘buy’ signals as Nifty rally strengthens ahead of Q2 results
about 11 hours ago
1 min read
71 words
Reliance and HDFC Bank flagged as large-cap breakout candidates amid strong market technicals ahead of Q2 earnings.
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}
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}