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
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Price in buy signal as per RK's mass psychological cloud and stop line
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macd in daily uptick
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macd in hourly is uptick above zero line, but yet not crossed positive
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RSI in hourly is uptick above 50 and near 60
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price closed above 20HMA
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Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!


Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
BRITANNIAbritanniaanalysisbritannialevelsbritannialongbritanniatrendelliottwaveprojectionelliottwaveretracementelliotwaveanalysiselliotwavecountTechnical IndicatorsTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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