Weekly chart of Britannia shows Double Bottom Reversal Pattern. This is one of the most reliable reversal chart patterns. Pivot is around 3798 and the stock has closed around this break out zone. The stock is expected to trade with positive bias and may challenge its previous high.
On a daily time frame the stocks is quite extended from its 20 EMA. So gradually it can be added around its 20 EMA line. Stop Loss is the close below 200 SMA.
On a daily time frame the stocks is quite extended from its 20 EMA. So gradually it can be added around its 20 EMA line. Stop Loss is the close below 200 SMA.
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