Breakout with strong volume -
1. 5 mo uptrend
2. Flag breakout awaited
3. Sideways for more than 2 mo
4. Falling volume during sideways - accumulation
5. Respects 50 DMA for support
- Identifying a potential bullish momentum in Britannia Industries with key indicators signaling positive trends:
1) Sideways Breakout:
Over the last 3 months, Britannia has broken out of a sideways trend, indicating a potential shift in momentum.
2) RSI Caution:
While the Relative Strength Index (RSI) is around 65, suggesting strength, caution is advised as...
penetration level and target given along with zone area.
should wait for adx to give signal after beaking the sideways zone.
also consider biger time frame.
