Britannia has entered into a descending price channel after scaling 52-weeks high. RSI on a daily chart is at 44.70, bearish sign. If you roll up to monthly price movement then Britannia has formed Bearish Piercing pattern between October and November. Price in November opened higher than October. However, price movement in November has formed a bearish candle. Britannia has opened in December exactly at the closing price on November. If price continues to move in a descending price channel without a plausible breakout well supported by higher trading volume or higher delivery qty % to trading qty then Britannia is more likely to form 'Dark Cloud' cover which is a major bearish pattern.