Britannia CMP 4706
Elliott- The V waves in the first leg of the correction A is very clear. Hence we know this is a zig zag. The B leg generally rallies nearly to the highs in a zig zag. Hence to me it is a buy once A was complete. The B wave is forming an expanding flat corrective pattern. Now the c of B is underway and to me it should go minimum to 5400 and then 5800. I will suggest book ur profits at those zones.
Candlestick- that big bear candle is clearly telling us the trend has turned down.
Conclusion - all C waves have 5 waves of their own and are very sharp moves. Expect this counter to lift up in the coming weeks.
Elliott- The V waves in the first leg of the correction A is very clear. Hence we know this is a zig zag. The B leg generally rallies nearly to the highs in a zig zag. Hence to me it is a buy once A was complete. The B wave is forming an expanding flat corrective pattern. Now the c of B is underway and to me it should go minimum to 5400 and then 5800. I will suggest book ur profits at those zones.
Candlestick- that big bear candle is clearly telling us the trend has turned down.
Conclusion - all C waves have 5 waves of their own and are very sharp moves. Expect this counter to lift up in the coming weeks.
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