forextidings

NSE Britannia – The Last Move of Correction

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forextidings 已更新   
NSE:BRITANNIA   BRITANNIA INDS
Timeframe: 4h

As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.

If the price breaks down the low of wave c at 4314, Traders can sell for the following targets: 4266 – 4236 – 4214. A trade should only be initiated after a breakdown has occurred.

There are two price clusters where prices can reverse:
  • Wave C can be accomplished at 0.382 Fibonacci retracements of wave 3 at 4214.65. Wave A=C at 4187. As shown in the chart, it forms a cluster range.

  • Wave C can occur at 0.5 Fibonacci retracements of wave 3 at 4114. Additionally, a correction occurs near the previous wave.
交易結束:目標達成:
Price reached the first target of 4266.
交易結束:目標達成:
Price reached the second target of 4235.
交易結束:目標達成:
BRITANNIA Touched the final target of 4214.
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