NSE Britannia – The Last Move of Correction

2 Oca 2023

Timeframe: 4h

As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.

If the price breaks down the low of wave c at 4314, Traders can sell for the following targets: 4266 – 4236 – 4214. A trade should only be initiated after a breakdown has occurred.

There are two price clusters where prices can reverse:

• Wave C can be accomplished at 0.382 Fibonacci retracements of wave 3 at 4214.65. Wave A=C at 4187. As shown in the chart, it forms a cluster range.
  
  
• Wave C can occur at 0.5 Fibonacci retracements of wave 3 at 4114. Additionally, a correction occurs near the previous wave.
  

3 Oca 2023

İşlem kapandı: hedefe ulaştı

Price reached the first target of 4266.

3 Oca 2023

İşlem kapandı: hedefe ulaştı

Price reached the second target of 4235.

3 Oca 2023

İşlem kapandı: hedefe ulaştı

BRITANNIA Touched the final target of 4214.

5 Oca 2023

Not

19 Oca 2023

Not

25 Haz 2023

Not

15%