gr.sanjeevkumar

BRITANNIA (Daily) | Sym.Triangle

Short
gr.sanjeevkumar Updated   
NSE:BRITANNIA   BRITANNIA INDS
Kind of forming a Sym .Triangle with possibility of breakdown, as the RSI indicates!
A sell on rise candidate around the 3050 - 3070 zone.
From CMP , if price breaks below 2970, next stops will be around 2945, 2890, 2850 (best support).
On the contrary, the trend can reverse above 3030; and can go upto 30 60 - 3070.
A close above 3070, will be a bullish break out of the triangle!

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I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
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Comment: Note today's low was 2971. Did not break the specified support of 2970.
Let see what happens if it breaks that price!
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