Due to Low AVG.Crude Oil Price in Last Quarter (Q1 of 2017-18)
Refining Margin may in pressure, Drag RELIANCE to Below Median LINE
Harmonic "Bearish CRAB in Progress".
PRZ: @ 1588 (if Pattern Confirms.)
All are Plotted in Chart.
Do SHORT in Higher Level, BEST Above @ 1560+
TARGET: Plotted on Chart.
FnO trader can LONG Nearer OTM PUT Option, when traded at or above @ 1555+
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.