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}