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TATAELXSI, Technical Outlook

TATA ELXSI (NSE:TATAELXSI)  
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NSE:TATAELXSI   TATA ELXSI
Trend Analysis Chart Patterns Technical Indicators shortsetup shorttrade short breakdown negativetrend Moving Averages swingsetup
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trendanalysis chartpattern indicator shortsetup shorttrade short breakdown negativetrend movingaverage swingsetup
As the price is already in a downtrend, now we have a fresh breakdown.
A short trade of 5% to 6% can be planned here.
What are your views on this short setup and which level is best for technical stop loss ?

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Komen:
The price is trading in the negative zone. Wait for the breakdown.
snapshot

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