DELTACORP - INTRADAY - SHORT - Support Breakdown {Chart# 549}

DELTACORP has broken its long term support line (blue) and looking weak. It has small support at 205 and below this level it looks weak till 201.
If this manages to close below 200 on daily candle, then it can see good correction in coming days.

Intraday:
Entry@ below 205
Target@ 201
To be avoided in case of gapdown below 204 on Monday unless it does pullback to 205 and started falling again.

Positional to be initiated if closes below 200 on daily candle.

Thanks
Piyush Gupta
Learn & Earn