As we can see, BRITANNIA is taking resistance from a trendline since 12 April 2021. Currently, it is trading near its at 3423.45. Looking at recent day's deliverable quantity, we can say buyers are taking interest in this zone. is also moving above 40 .
We can consider BRITANNIA for a swing trade if it breaks the trendline with high .
Buying Range- 3400-3460
Stoploss- 3348 (Below recent swing)
Risk to Reward- More than 1:2
Duration of trade- Near 1 month
It can also take some resistance near 3550. But I believe it will break that too.
What are your views? Do let me know in the comments.
Take it as an educational purpose. I am not Sebi registered or any Stock market expert.
Always do your own research before taking trades.
Hope for the best.