I hope everything is well explained in the chart itself. BRITANNIA INDS is forming a "W" pattern in daily timeframe.
Market View: Bullish
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.
Stoploss: 3555
Reasons to go bullish in this stock. Timeframe: Daily - Awesome Oscillator (AO) showing bullish crossover. - Close price is trading above: 21 EMA, 50 EMA - RSI is above 60 - Close price is above R1 in pivots points