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prakashgp

Britannia might not be ready for uptrend

BRITANNIA INDS (NSE:BRITANNIA)  
prakashgp  
NSE:BRITANNIA   BRITANNIA INDS
Trend Analysis
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trendanalysis
Britannia pumped hard on coportate tax cut news and also got rejected hard from HTF resistance.
Now facing montly resistances.
Even though it has a good buy setup on daily/weekly timeframe, one should be cautious before going long
It may need to revist lower HTF support levels before starting up trend.
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