nagunkns13

Britannia ~ Distribution Phase over?

Short
NSE:BRITANNIA   BRITANNIA INDS
We got historical volume on 3rd week of April and yet price couldn't break above upper range of distribution and in fact price closed with 2 upper wick for consecutive weekly candle. As long as price stays below 3400, we might see big down move on this instrument.
Target 1 - 1400.
Target 2- 850. Failing to hold 850 will take price to much lower levels.
Target 3 - 430.

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