Britannia On retracement -- Tgt 4650-4500 SL 5050
Updated
Britannia seems to have formed a double TOP with negative diversion on RSI (weekly )
1. Daily Price is below 20 SMA
2. can be a good Short trade with SL above 5050 for a swing target of 4650 - 4530
3. Harmonic Pattern with PRZ on 5037 levels
I am not an expert I just share interesting charts here. Please seek expert opinion before investing or trading because trading in share market is subject to market risks
1. Daily Price is below 20 SMA
2. can be a good Short trade with SL above 5050 for a swing target of 4650 - 4530
3. Harmonic Pattern with PRZ on 5037 levels
I am not an expert I just share interesting charts here. Please seek expert opinion before investing or trading because trading in share market is subject to market risks
Note
TGT 1 ACHIEVED NOW TRAIL WITH SL ABOVE 4650Note
TGT 2 ALSO ALMOST ACHIEVED AS STOCK MADE A LOW OF 4531.30. Now one can continue with short with strict trailing stop loss as trade is already 400+ points in the money. Trail according to your risk appetite because music can stop anytimeNote
Trade closed from my sideNote
target 2 also achieved at price below 4500. One can now trail for further low with trailing Stop loss above 4550Trade closed: target reached
trade closed on 13-08-2023 now waiting for reversal
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