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BREAKDOWN RETEST STRATEGY

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Tata Power looks weak on weekly chart it breaks a important support of 209-207 levels looking some more weakness could come in this stock and possibly it is going to test it's lower support zones although it is not too late but yes it is late to make a fresh short in it so we can implement a sell on rise strategy in it if it will go and retest of it's breakdown levels at there that could be a fresh short opportunity in it on above mentioned 207-209 levels with the strict stop loss of 216 levels for the target of 190, A big down trend will come below 190 levels of weekly close for the target of 160 levels so we can wait too for a fresh short opportunity below 190 zones. Share your valuable views through comments are most welcomed.

TARGET 2