here is the chart which is explaining us the pattern named rising wedge and it already had given us a good breakout with some good volume and also retested it's trendline in lower time frames.so here we can go short if it gives us a move towards downside......
Reliance can bounce back from here or fall further towards 2300 which is can also act as a support.
Resilence is ready to boom just waiting for trendline breakout
Bank nifty making bearish penant wait for the breakout. And can expect a good fall
According to Elliott waves theory a 5th rectracement wave has to arrive and can give a good percent of nearly 30-40% in near future