Stock should have bounced after touching lower channel line but fibonacci retracement level of 61.8% is acting like strong resistance. For me stock becomes potential buy if it breaks 61.8% level, lets hope so.
A gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap.
ITC has brocken out of the channel where it was trading for quite a some time. Stock has already tested the upper boundary indicated by blue line(positive sign), once stock goes above green line then it becomes potential buy. Wait for stock to break green line.
Britannia has just hit it's long term support trend line and stock has always respected it in the past, plus there is contraction in price movement confirming to triangle. Stock is consolidating about 38% fibonacci retracement level. All factors are indicating a big potential move.