aks85

Britannia-Double Bottom Pattern+Trendline Breakout Awaited- Buy

Long
NSE:BRITANNIA   BRITANNIA INDS
2
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.