Britannia Industries Indian stocks Elliott Wave technical analysis [Video]
Britannia Industries – Britannia (1D chart)
Elliott Wave/Technical Analysis:
-
Function: Corrective Trend (Minor Degree Grey).
-
Mode: Corrective.
-
Structure: Impulse within a larger degree correction.
-
Position: Minor Wave 5 Grey.
Details:
The stock has experienced an impulsive decline from the 6450 high reached earlier. If this count holds, a corrective rally may develop soon.
BRITANNIA INDUSTRIES Daily Chart Technical Analysis and Potential Elliott Wave Counts:
The daily chart for Britannia Industries indicates a trend reversal from its 6450 high, which was recorded in October 2024. The stock has now fallen to new lows at 4550, forming a five-wave subdivision. A short-term…
