Britannia CMP 5350
Fib- I has posted this way back. That zone at 5417 is the Fib confluence and a zone to sell.
Elliott - this rally is the B wave of the correction. With trendline at the same zone, in my view this rally is done. The lethal C wave should start from here.
Conclusion- I know these stocks are already down 30 to 40% and hence seem a good bargain. But technical study is indicating otherwise. I will advice caution here.
Fib- I has posted this way back. That zone at 5417 is the Fib confluence and a zone to sell.
Elliott - this rally is the B wave of the correction. With trendline at the same zone, in my view this rally is done. The lethal C wave should start from here.
Conclusion- I know these stocks are already down 30 to 40% and hence seem a good bargain. But technical study is indicating otherwise. I will advice caution here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.