Reliance Industries: Charts indicate a rally towards Rs 2,000 levels

Mukesh Ambani-controlled Reliance Industries (RIL) has been in news over the past few weeks. With the over Rs 53,000 crore investment by Facebook in Jio Patforms - a part of its telecom vertical Reliance Jio (RJio), quarterly results and then investments by Silver Lake and Vista Equity.

The news has propelled the stock higher over the past few sessions. In fact, RIL, Infosys and Hindustan Unilever — accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23. RIL has been the single-largest market mover in the last one-and-a-half months, accounting for nearly