1) Current Stage Position(Long Trade):
Currently this trading near and expected it will take this support and take reversal towards the resistance and form its 3rd wave. Expected this process take 10-15 days. So we can take long position at this level with stop loss below the support and target is resistance . According to pattern projected initial target in between 3620-3630.
2) Near Resistance Position(Long/Short Trade):
Once BRITANNIA complete its 3rd wave there will be 2 possible trading situation occurs. First one is for long position after breakout and another is short if reversal. According to previous trend more chances it will give reversal from It's so we can take short position on reversal with stop loss above resistance for target of support line. If this reversal happened more chances it will give breakdown of support also and go for further target downside of 2950-.
On a same level We can't ignore breakout situation. In same time period there have earning release of BRITANNIA so this fundamental trigger also impact on the behaviour of stock near its .