johntradingwick

Britannia - Swing Trade | Breaking out + Volume expansion

Long
NSE:BRITANNIA   BRITANNIA INDS
Key Highlights:

1. Possible change in MS underway
2. Volume expansion at BO
3. Falling wedge pattern
4. Trendline breakout
5. Waiting for retest
6. Support zone: 3320-3370
7. Target: 3760, 3847, 4008

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

Britannia debenture 1:1 showing. please explain what it's mean
Reply
@sendilt40 Britannia Industries has allotted bonus debentures to its shareholders. Each investor will get a debenture of face value Rs 29 for each fully paid-up equity share held on May 27, 2021.

So, 1 share will get you 1 debenture. You can read more about it on Google.
Reply
Nice. Bro... what do you think of potential target of tata power for short term?
Reply
johntradingwick chinmaypatnaik
@chinmaypatnaik, I'll look at it, don't really have time at the moment. I'll message you later.
Reply
sir what's the meaning of volume expansion
Reply
@SSR1997, Volume expansion means an increase in the volume compared to the previous sessions. In simple words, it is relative volume.
Reply
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