TATACONSUM, Breakdown of Descending Triangle Pattern

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.