Britannia is forming a Cup and Handle pattern on the Daily timeframe.
Watch this closely.
Even though the sector(FMCG) itself is not performing, may be this is the start of a new trend for Britannia.
This stock has to give very strong reason to enter because RS is not supporting, sector is not trending.
On the higher timeframe the DOW structure is just forming.
So before entering make sure you have multiple reasons.
JUL 31st is the results
Watch this closely.
Even though the sector(FMCG) itself is not performing, may be this is the start of a new trend for Britannia.
This stock has to give very strong reason to enter because RS is not supporting, sector is not trending.
On the higher timeframe the DOW structure is just forming.
So before entering make sure you have multiple reasons.
JUL 31st is the results
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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.