Britannia like KotakBank is one more stock which is remaining unaffected by market swings. At present it is having resistance at 6200 where bears have written Calls heavily. And at that level a Negative Divergence will appear. Hence price may see minor correction. This will be a good opportunity for going long.
Britannia Industries Ltd (NSE: BRITANNIA) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 4580 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 4500 Zone . Then 4390 and 4290 ...
