NSE:BRITANNIA is looking weak on weekly chart as its making bearish engulfing candle. Also closing below last week's low and showing weekly fractal support breakdown.
Looking for 4041 and 3949 on downside. SL is relatively small of 4255. Better to short this in cash and not play in options cos one spike can take away your SL in option trade.
Let's see how the story develops. Best wishes!
Disclaimer -
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TIA!
Trade closed: stop reached
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Low made of 4153 but SL hit and hence closing the trade!
@aktradelearning, - Looking good. I wanted to wait for the weekly close to ensure its not a fake breakdown. The bearish engulfing and the support breakdown confirms it can be a good trade for the coming week!