Britannia Industries Ltd is showing a good buy for all the MEDIUM TERM & LONG TERM INVESTORS because Britannia is showing a FLAG Position in its weekly charts.
The stock just crossed the Higher High's trend line which is an signal that the stock had changed the on going trend and speeded the candle more bullishly.
As it is a weekly chart, my experience says that the medium term buyers can come forward into the markets for good buy position and as per DMI Indicator (It happened). Many Medium term players entered the bullish Train for gaining good amount of Profits.
Now lets directly to my Analysis.
Britannia Industries CMP - 3895.95
Targets for this Idea will be for Medium term Investors (If you are not a medium term investor or a medium term trader) estimate this stock as per you analysis.
Targets - 5375.05
Stop loss (Every other thing in the Markets are not in your control, but the risk is calculated and always controllable and I think the most important for any Technical Analyst is RISK MANAGEMENT)
Stop loss for this Trade - 3800 / 3790 / 3750
The Stock is Bullish and can give you a good returns in Future
All the best!
The stock just crossed the Higher High's trend line which is an signal that the stock had changed the on going trend and speeded the candle more bullishly.
As it is a weekly chart, my experience says that the medium term buyers can come forward into the markets for good buy position and as per DMI Indicator (It happened). Many Medium term players entered the bullish Train for gaining good amount of Profits.
Now lets directly to my Analysis.
Britannia Industries CMP - 3895.95
Targets for this Idea will be for Medium term Investors (If you are not a medium term investor or a medium term trader) estimate this stock as per you analysis.
Targets - 5375.05
Stop loss (Every other thing in the Markets are not in your control, but the risk is calculated and always controllable and I think the most important for any Technical Analyst is RISK MANAGEMENT)
Stop loss for this Trade - 3800 / 3790 / 3750
The Stock is Bullish and can give you a good returns in Future
All the best!