Friday, November 27, 2020

Elliott Wave Analysis of Britannia Share by Deepak Kumar

 Britannia Industries Ltd (BRITANNIA) is making based at bottom and is on a verge of quick upside of 10-15%.

A downside corrective pattern is completed and stock also given upside 38% retracement breakout for Britannia Share price Target of 3835-4010.

Look at the chart below,

There is formation of wave (1) and (2) followed by (i) and (ii). 

So bounce is expected to be quick because wave (iii) and (3) is known for fast move with gap openings.

Detailed Elliott Wave Analysis of Britannia share price with low risk trading strategy is updated on Sweeglu Elliott Wave Blog.