This is a textbook breakdown continuation chart — clean, simple, and powerful. Stock: RITES Limited

🔍 1️⃣ Big Structure 📉 Clear Downtrend Lower highs ✔️ Lower lows ✔️ 👉 Trend already bearish — no confusion 🧱 Base Formation (Earlier) Strong support around ₹190–200 Price respected this level multiple times 👉 This was demand zone 💥 2️⃣ What Just Happened 🚨 Breakdown Confirmed Price cleanly broke ₹190 support Strong bearish candle (no hesitation) 👉 This is not a fake move — real supply 🧠 3️⃣ Why This Is Powerful 👉 When a stock: Spends long time at support Then breaks it strongly 💡 It leads to fast downside (vacuum move) 📉 4️⃣ Downside Projection Immediate Targets: ₹160 ₹140 Extended Targets: ₹120 ₹100 👉 Your arrow direction is spot on 🎯 ⚡ 5️⃣ Momentum Check No bounce after breakdown No buying pressure Continuous red candles 👉 Sellers in full control 📊 6️⃣ Trade Plan 🔴 Entry Already triggered below ₹190 🔵 Safer Entry Pullback to ₹185–195 zone 🎯 Targets ₹160 ₹140 ₹120 ❌ Stop Loss Above ₹210