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TATACONSUM, Breakdown of Descending Triangle Pattern

TATA CONSUMER PRODUCT LTD (NSE:TATACONSUM)  
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NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Trend Analysis Triangle Moving Averages Descending Triangle priceaction guppy gmma breakdown downtrend shorttrade negativetrend
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trendanalysis triangle movingaverage descendingtriangle priceaction guppy gmma breakdown downtrend shorttrade negativetrend
The price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028.

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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