Britannia - Elliott Wave Count
the market seems like completed its wave B and has begun the wave C downward with the target of 4200 or beyond.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:BRITANNIA BSE:BRITANNIA NSE:BRITANNIAZ2023
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
This is a high risk trade as the market is in a overall bearish sentiment. Plan Trades Accordingly.
The CEO of the company was featured in an Indian Business magazine, in a very laudatory article. It is a widely held belief that such articles herald the beginning of the decline in the company's business, portended by stock price.
Britannia Industries stock has been a laggard in the massive rally in the last 2-3 months. In fact, it broke down below the...
