Briatannia

24 ביוני 2022

Britannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range.

Overall wave structure on hourly chart


Price in buy signal as per RK's mass psychological cloud and stop line


macd in daily uptick


macd in hourly is uptick above zero line, but yet not crossed positive


RSI in hourly is uptick above 50 and near 60


price closed above 20HMA


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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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