Monday 12 October 2015

Britannia Industries - In corrective Pattern

"Education is the Movement from Darkness to Light

- Allan Bloom




                                                                        Daily Chart

  • Britannia Industries after a stellar rally from below 950 levels to 3300 odd levels in past one year in an impulsive pattern
  • The stock for first time is showing signs of fatigue and lower top formation in place & probable zigzag pattern in the process of formation
  • After a 5 wave decline August 2015 stock has shown a counter trend rally on the upside
  • Has the stock resumed it correction? 
  • What is in store for the counter next?

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Equity Technical Analyst

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