ShanmukhamKumarappan

Should we buy into strength in Britannia ?

Long
NSE:BRITANNIA   BRITANNIA INDS
On the Weekly chart, there is a bullish divergence and the RSI has broken the high between the two ends of the divergence. Furthermore, price has reached a 52- W high, and has crossed its resistance. We ought to wait for a strong close, and then a pullback. At least that's when I would enter.
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