BRITANNIA INDS is forming a "W" pattern in .
Buy Zone: (3590-3630)
Target 1: 3700 -3709
Risk: reward = 1:3
PS: Since 3700 is a psychological level so before crossing 3700 price may fluctuate more than usual. So be careful with trailing stop loss.
Target 2: 3850
Risk Reward: 1:7 from initial buy zone, 1:3 from target 1 as buy zone
PS: Need to be hold more than 1 week to achieve this target.
Reasons to go in this stock.
- (AO) showing crossover.
- Close price is trading above: 21 , 50
- is above 60
- Close price is above R1 in points