After declining from a Bearish Harmonic Gartley in Daily Time Frame it is consolidating and attempting a pullback. In Hourly Time frame its completing its triangle corrective and is now at good support of 20400-20300. If it sustains above 20100 then it can retest 21000
It is showing signs of reversal from the PRZ of a Bearish Harmonic Deep Crab. It could retrace till 765-750 provided it does not move above 825.
FURTHER BREAKDOWN OF RELIANCE MAY BRING OUT TO THE LEVELS OF 1468-1454. PLEASE SEE MY ATTACHED CHART
Watchout for price action at point D
In weekly time frame it is showing signs of revering from a Bearish Harmonic Cypher PRZ. In hourly time frame it has made a Bearish Harmonic Gartley and reversed. Failure to hold 490 on closing basis in daily time frame could be a trigger for the expected down move till 450. In hourly time frame trading above 513 would negate the move for now.