StockShaala

Britannia : Potential reversal from Strong uptrend

Long
NSE:BRITANNIA   BRITANNIA INDS
Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji .

At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth confirming uptrend and then join this nice and LONG ride!

Comments

Now, that's how market reacts to a strong support level. I hope you guys took advantage of this.
Reply
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