Nithya_Jayachandran

BRITANNIA Breakout time

NSE:BRITANNIA   BRITANNIA INDS
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Britannia is about to break out from a Symmetrical Triangle pattern ,

1) Has been super bullish since COVID meltdown recovery
2) Broke 2019 highs and took support ( 3330 ) around 12th June 2020
3) Lost momentum around 30th July and Trend reversal confirmed around 31st August ( Sell pressure kicked in around 3955 range )
4) Sell pressure stopped around 3400 and took that as support ( its all-time high before the rally )
5) Currently in a symmetrical triangle pattern about to breakout.


Though it can break out in any direction, my bias is bullish .
Trade closed: target reached: Bullish breakout as seen today.

Comments

nice. let us see which way its go. last 2 months no movements
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Nithya_Jayachandran sureshkumarnew
@sureshkumarnew, yep ,lets see how it goes.
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sureshkumarnew Nithya_Jayachandran
@Nithya_Jayachandran, As useval today also same thing.... Ayyo.... ayyo....

Waiting for buying 3800 CE , but its not shown any strength.....
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sureshkumarnew sureshkumarnew
@sureshkumarnew, s. but i missed out. i struck with UPL
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