Stock name: Tata Power

Pattern: Breakdown

Time frame: Weekly

Observation:

The stock has been into a long consolidation for more than a year, but has very recently broken down of the support of the consolidation. The bearish momentum seems to be continuing as the stock is showing follow up to the bearish candles.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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