Osho Krishna says: Reliance has formed a drastic breakout, hovering at its 52-week high. A V-shape recovery on the weekly chart led to a fresh breakout in the yesterday trading session. Hold positions with a strong support at Rs 2,580 and a short-term stop loss of Rs 2580. Investors should accumulate for medium to long-term, with an immediate target of Rs 2,720. Polycab has seen a breakdown below the 200-day SMA, stay on the sidelines until consolidation or accumulate at Rs 3,600 or around Rs 4,200.