Britannia ready for big move!!After correction from all time high, Britannia was consolidating pattern between 3400-3600. Now, it has given closing above it's resistance range on weekly chart. Probable wave count is shown in chart. One can maintain SL around 3450.
P.S. Today's last 2-3 minute move is bit cause of concern.
BRITANNIA
Britannia, touched 3,500/- & reversed!Britannia reversed after touching the psychological price level of Rs. 3500/- Gave Rs. 33/- before reversing from days low.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls do leave a like. My funda is to keep trading simple & stick to your conviction once you are on the right side of a trade, esp. intra-day trade !!