keshevdugar0210

HIGHEST PROBABILITY POSITIONAL TRADING SETUP IN BRITANNIA

Long
NSE:BRITANNIA   BRITANNIA INDS
Reasons to BUY now

1.WEEKLY TIME FRAME ANALYSIS:
.Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes
. RSI is 48 which indicates long term strength
. EMA 52 rejection
.0.618 Fib ratio rejection

2.DAILY TIME FRAME:
. EMA 200 Support
. BULLISH engulfing candle pattern after a false breakout of EMA 200.

NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock...

FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)