NIFTY50 is in small correction phase, A Resistance Zone from 22100 to 21890 may have consolidation over a small period of time.
Reversal from this Zone confirms the Bullish Up-Trend to achieve new higher high.
Or
If NIFTY50 breaches the Resistance Zone, it may move for a big correction of 10 to 15% from it's top.
As 18800 is a crucial support for Nifty 50 index, if it breaches that level of support, the continuation of corrective phase may hold till the next support level of 18000.
By using support and resistance technique, we can understand the chart pattern of Britannia share price. Now it's time to be long with a confirmation candle of bullish pattern.
Disclaimer
Do your own research.
Our content is intended to be used and must be used for informational purposes, Discuss with your financial advisor before taking any action.
Tata motor's current stock valuation is in its best entry levels.
