zenni_10

Britania Breakdown Short Term Trade

Short
zenni_10 Updated   
NSE:BRITANNIA   BRITANNIA INDS
The level around 4938.65 (yellow horizontal line) is an important support area
It has been broken , with high volume
The breakout candle is strong and has negligible wicks
ATR had a sharp rise on breakout , thus confirming it
Area around 4708 (white horizontal line) is the next immediate support
Keep tgt little above that area
and SL above the high of breakout candle
Tgt and SL are marked on the chart



Trade closed: target reached:
Tgt reached 5% profit reached
Can extend the trade to tgt 4568 keeping SL 4708
Risk averse traders exit the trade
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.