reliance

found a new pattern here on rsi, seems like rsi is following a arch shape . current cycle seems ending now and a new cycle is going to be formed . if we see on price chart , we will notice that reliance gave breakout on long term channel and came back for retesting. it bounced back but it is again coming down so their is possibility that it may again test 1860 level. if this level breaks , it can go 1500 too.
however if current level survives then hopefully new arch cycle will take reliance to the new heights .