Missed the Last Rally? Britannia’s Next Wave Might Be Bigger!
Aug 28, 2025
When we combining Elliott wave Theory along with price action, does it help us in forming powerful setups?
New traders want to trade and capture every moves & on other hand seasoned ones know the real money lies in sitting tight and try to capture the best of the 3rd wave.
Read the full research report on Britannia below:
Britannia Daily Chart as on 28th August 2025
Britannia has been in moving as precisely as per our Elliott wave counts. The entire rise post Covid low in 2020 has been impulse in nature. Wherein, wave (1) of Primary degree got completed on the upside in September 2024, post which the entire correction was in the form of Primary wave (2). As the rise in April- May was sharp in nature one can conclude that wave (3) of Primary degree has started to unfold on the upside.
In which, wave a break above 5800 levels can confirm completion of internal wave ii of 1 on the downside. Post which, the rise will be in the form of internal wave iii of 1. According to the guidelines, wave 3 is considered the strongest terminus.
In a nutshell, Britannia is on the verge to give a breakout. For now, a break above 5800 is needed for a trending move to emerge on the upside. On the downside, 5500 levels is the crucial support for the stock.
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