Topic Statement:
Britannia is maintaining its upward momentum as the stock continues to trade within a bullish up-trending channel.
Key Points:
- Price is moving in an up-trending channel, making it suitable for channel-based trading strategies.
- The stock recently retraced to the 38.2% Fibonacci level at 4800 and received strong buying support at that level.
- The 180-day EMA acts as a strong support zone for the stock.
Britannia is maintaining its upward momentum as the stock continues to trade within a bullish up-trending channel.
Key Points:
- Price is moving in an up-trending channel, making it suitable for channel-based trading strategies.
- The stock recently retraced to the 38.2% Fibonacci level at 4800 and received strong buying support at that level.
- The 180-day EMA acts as a strong support zone for the stock.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.