#Britannia is about to complete 78.6% retracement of its recent bull run which coincides near its 200 DEMA . One can expect a possible bounce from 2950-2960 zone. I would like to go long near the aforesaid levels with protection. Would add more near 2835/2619 levels. However stock is looking structurally weak. Risk averse traders may wait for a pullback or breakout for entry. As an investor would like to buy good company stocks at lower valuations in SIP mode.
Comment: Disclaimer: As the name suggests, objective of this channel is to educate and help members learn and earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis my trade recommendations. These stock ideas or views shared in the channel are momentum picks chosen using technical analysis and indicators and for my own trading. My views may go wrong. All the stock ideas/views are completely non-advisory in nature and strongly suggest you not to consider it, as trading calls. You may consider it for learning paper trading. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
Comment: Made high of 3318 before recovering. All Target met.
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