#BRITANNIA making AMD pattern

23 mars 2022

Britannia just dropped below the accumulation of more than a year after covid crash. The last move up in end of Q3 seems like a manipulation and to trap buyer who were waiting for a rally in FMCG companies through out 2021. Usually the distribution is a move with high momentum hence I expect it to remain heavily bearish unless it reach the target. for now I have 2900-2600 as key target area, Price should make a rebound there imo. In case it fails to hold these levels, we may see a long winter in it.