IS BRITANNIA THE HOTTEST INVESTMENT OF 2023?

18 Oca 2023

In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets.

[2 January 2023] - NSE Britannia – The Last Move of Correction

Timeframe: Daily

NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the most common retracements.

According to the Elliott wave principle, the impulsive cycle can only confirm after the breakout of the previous corrective wave. Price has broken out the correction channel, but wave B must break for the 5th wave to form.

If the price breaks out wave B at 4407, traders can trade for the following targets: 4456 – 4500 – 4558+. However, failure will continue its corrective formation and lead to a new low. In case of failure, we will change our position with selling targets.

25 Oca 2023

Not

Thank you for appreciation. :)

2 Şub 2023

İşlem kapandı: hedefe ulaştı

TP 1: 4556
TP 2: 4500

2 Şub 2023

Not

TP 3: 4558
All Targets Done!

2 Şub 2023

İşlem kapandı: hedefe ulaştı

Trade Closed!!!!!

25 Haz 2023

Not

Indeed!