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Breakdown

A price drop below a significant support level or out of a consolidation pattern. Caused by sellers overwhelming buyers, it usually signals either the beginning or the resumption of a downtrend.

News On Breakdown
Short GAIL India, says Sukhani  

23-05-2013| Source:CNBC-TV18

Sudarshan Sukhani of s2analytics.com feels that GAIL India is likely to breakdown today. So one can take a short position in it, he adds.

Ignore Nifty, focus on stocks; deep correction unlikely  

15-05-2013| Source:CNBC-TV18

Nifty may not have a runaway rally but neither will there be a breakdown, Udayan Mukherjee, managing editor CNBC-TV18 said.

Short Tata Power Company: Sukhani  

14-05-2013| Source:CNBC-TV18

One can short Tata Power Company, says Sudarshan Sukhani of s2analytics.com. At Rs 93, the stock is on the verge of a breakdown and if it breaks down, the eventual intermediate target could be Rs 75

Short Cairn India, says Sukhani

13-05-2013| Source:CNBC-TV18

Sudarshan Sukhani of s2analytics.com is of the view that traders can short sell Cairn India. It had a small trading range and it has broken down from there. That breakdown usually brings it lower. So

Sell HDFC Bank, says Sudarshan Sukhani  

06-05-2013| Source:CNBC-TV18

One can sell HDFC Bank. The stock is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown, says Sudarshan Sukhani of s2analytics.com.

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