RELIANCE
today the action already retraced 50% of the last impulse, so although the basic structure in the short term is weak ass of now, preceded by a distribution...
my guess is, it will retest the broken support at 1284 and then if fails that, will start trending downwards
But untill further action, i am very uncomfortable to keep any short trades open below 1270 in this scrip as of now...
disclaimer... not an investing/trading recommendation