RELIANCE
reliance may fall there are several reasons
1) it has formed a head and shoulder pattern and has given a breakdown.
2) if you notice breakdown candle is bearish "marubozu", showing people are selling at all prices.
3) it broke 50 ema showing weakness in the stock
4) RSI is below 50 showing bear grip
5) it has to take support now at the support level according to Fibonacci and pivot if it breaches that level downfall starts.
6) at Target 1 Fibonacci level, support line, pivot lines and 100 ema are matching each other showing strong support.
7) volume is not so great but it's average.
8) in the option chain "call side" people have hugely added open interest at 2500ce strike price means people have shorted 2500 assuming the market will fall or consolidate below 2500.
9) in the option chain "put side" people have hugely added open interest at 2400pe strike price and premiums are going up showing its a long build-up, assuming the market will fall below 2400.
if you are looking to buy, buy only after signs of bull grip.
Disclaimer: I'm not SEBI registered guy
if you have brought 2440pe on 18/nov for say 18rs today morning you might have sold it for 70rs
250 lot size
250 x (70-18) = 13k profit