Caution is the call

285
Britannia CMP 5350

Fib- I has posted this way back. That zone at 5417 is the Fib confluence and a zone to sell.

Elliott - this rally is the B wave of the correction. With trendline at the same zone, in my view this rally is done. The lethal C wave should start from here.

Conclusion- I know these stocks are already down 30 to 40% and hence seem a good bargain. But technical study is indicating otherwise. I will advice caution here.

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