Like all FMCG stocks Britannia is showing some bottoming pattern, though late in the rally. It may pick up speed if the levels of 3350 are crossed. Assuming it is doing a 5 EW, the stock can head towards 3600 in a staged manner. Look to enter based on Fib pullbacks, as long as the stock trades above 3120-50 kinda level. If breaches 3100, the view gets negated.