Britannia Industries – Britannia (1D Chart)
Eliott Wave/Technical Analysis:
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job: Corrective trend (slight gray degree).
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situation: Corrective.
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building: The motivation within a greater degree correction.
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position: A small wave 5 gray.
details:
The stock witnessed a reckless decrease from 6450 It arrived high earlier. If this number carries, the corrective assembly may develop soon.
Britannia Industries Daily Chart Analysis and Elliott Wave Tourts:
the Daily chart For britannia Industries refers to a Reflection direction Out of that 6450 highThat was registered in October 2024. The stock has now decreased to its lowest level in 4550Forming a five -wave sub -section. It is expected that the retreat is in the short term before resuming the declining direction.
The arrow has broken April 2024 Support level in 4644. The following important support is around it 4350That is compatible with November 2023 is lowAs a sign The intermediate wave (4) orange On the daily chart. The near -term anti -trend rally remains a highly used scenario.
Britannia Industries – Britannia (4H Chart)
Eliott Wave/Technical Analysis:
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job: Corrective trend (slight gray degree).
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situation: Corrective.
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building: The motivation within a greater degree correction.
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position: A small wave 5 gray.
details:
The arrow has decreased recklessly from 6450 High. If this wave structure is accurate, a corrective community may appear soon.
Britannia Industries 4H Technical Analysis and Eliott Wave Tourts:
the 4H graph For britannia Industries, the wave structure reveals yet 6450 high Record on October 03, 2024. The number of the wave was set to reflect a Low motivation is a wave from 6450 to 4560.
If this number remains valid, the stock is expected to pass a Anti -Trend Rally about 5400 level In the short term. In addition, and Daily RSI He appears The upscale differenceEnhancing the short term The upcoming expectations.
conclusion:
Bristannia Industries has completed Low motivation is a wave Out of that 6450 high. A Rally in the short term It is still possible to resume the additional negative side movement.
Elliot wave analyst: Harsh Gabi.
Britannia Industries Indian Stocks Elliott Wave Technical Analysis [Video]
