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Britannialevels

Britannia Industries - The Cookie can crumbleThe CEO of the company was featured in an Indian Business magazine, in a very laudatory article. It is a widely held belief that such articles herald the beginning of the decline in the company's business, portended by stock price. Britannia Industries stock has been a laggard in the massive rally in the last 2-3 months. In fact, it broke down below the resistance and is currently trading in another box, which overlaps the previous box. It is also trading below its flat-ish 30 WMA. As an when the winter comes to the stock markets, this stock is likely to crumble. Mark it out as a short candidate.
NSE:BRITANNIA
by lng_shrt