NSE Britannia – The Last Move of Correction
Updated
Timeframe: 4h
As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.
If the price breaks down the low of wave c at 4314, Traders can sell for the following targets: 4266 – 4236 – 4214. A trade should only be initiated after a breakdown has occurred.
There are two price clusters where prices can reverse:
As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.
If the price breaks down the low of wave c at 4314, Traders can sell for the following targets: 4266 – 4236 – 4214. A trade should only be initiated after a breakdown has occurred.
There are two price clusters where prices can reverse:
- Wave C can be accomplished at 0.382 Fibonacci retracements of wave 3 at 4214.65. Wave A=C at 4187. As shown in the chart, it forms a cluster range.
- Wave C can occur at 0.5 Fibonacci retracements of wave 3 at 4114. Additionally, a correction occurs near the previous wave.
Trade closed: target reached
Price reached the first target of 4266.Trade closed: target reached
Price reached the second target of 4235.Trade closed: target reached
BRITANNIA Touched the final target of 4214.Note
Note
Note
15%
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