Britannia-Double Bottom Pattern+Trendline Breakout Awaited- Buy
As seen Britannia has formed a Double Bottom Pattern in the daily chart. A breakout of this pattern as well as the trendline on closing basis would be our entry.
Expected Levels: 3400
Exit Levels: 2920
Double Bottom Pattern is a bullish reversal pattern, made of two consecutive bottoms. It indicates that the price has reached a support level and is facing difficulty moving lower, indicating an upward move.
Expected Levels: 3400
Exit Levels: 2920
Double Bottom Pattern is a bullish reversal pattern, made of two consecutive bottoms. It indicates that the price has reached a support level and is facing difficulty moving lower, indicating an upward move.
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