BRITANNIA INDUSTRIES LTDEducation
Britannia trade analysis & opportunities
Price after a big up trend breaking 2 years resistance now trading in range market / consolidation.
If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom.
Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price action.
2 chances to initiate a trade. Either wait for 4000 cross or buy on channel bottom considering it as support level.
If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom.
Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price action.
2 chances to initiate a trade. Either wait for 4000 cross or buy on channel bottom considering it as support level.
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.