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...
Britannia has closed at days high today and close to its all time high. The RSI is around 66 indicating there is scope for the stock to break into new high's and RSI to oversold levels. Whats interesting is the close at the high's of the day today. Any opening above 3500 levels should propel the stock into new highs
