Britannia has break the resistance on daily Timeframe and retested previous resistance that has become a good support on 15 minutes timeframe So my overview is very bullish in this FMCG stock.
It's a perfect Price action for a Swing Trading which can be hold for next few days.
Options selling will be my favourite because 26 September is a expiry and premium will...
NSE:BRITANNIA has given Rounding Bottom Break out on Daily chart
Support zone at 5850-5870 levels
SL can be placed below support levels for Positional Trade
Pattern Target 6300
NSE:BRITANNIA
just for educational purpose. no buy or sell recommendation
Britannia, after an untiring rally since the beginning of this month, now comes to a halt for another correction.
Entry-1 is on a retest of 5873-75 range as resistance with Stop above this range.
The second entry is below 5801-5800 range, if the price fails to retrace and continues to fall.
Bearish invalidation above resistance range till 5975 as t1 upside level.
BRITANNIA -Bullish Pennant Breakout: Daily
Name - BRITANNIA
Pattern - Bullish Pennant
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5922
Target - 6400
SL - 5865
Pattern : Bullish pennant
A bullish pennant pattern is a pattern in technical analysis that signals a bullish trend continuation after a brief market price consolidation...
Hello friends,
In sector #FMCG sector will going to rock soon.
as #Britannia stocks has just breakout with superb move of 400 points in single day. Now it consolidate and soon it looks to break again and may give same move of 300-400 points.
Keep this stock in your tracking list and do your own analysis for this stock and participate on your risk management...
#Britannia looks bullish but it's not, little bit up move still remained but eventually going to come down, bigger picture it will look in sideways good for investing long term
📊 Details
Britannia Industries is one of Indias leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr. Britannia is among the most trusted food brands, and manufactures Indias favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannias product portfolio includes...
Britannia Industries Ltd is forming a Symmetrical Triangle Pattern as it is about to give a breakout from 4600. Based on the pattern, one can enter around 4600 after the breakout and target can be set around 6250-6300 with Stoploss to be set around 4200. This gives us risk to reward ratio of 3.99. Pattern is forming on weekly chart with horizon of 2-3...
Have Britannia added in your watchlist. It may provide (1:4 risk-reward) positional trade in the upcoming days.
Entry price, SL and target will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational...
- Identifying a potential bullish momentum in Britannia Industries with key indicators signaling positive trends:
1) Sideways Breakout:
Over the last 3 months, Britannia has broken out of a sideways trend, indicating a potential shift in momentum.
2) RSI Caution:
While the Relative Strength Index (RSI) is around 65, suggesting strength, caution is advised as...
Britannia has been consolidating for the past three months and has now broken on the downside.
Results today. Better to wait for an hour to get its reaction and then enter trade.
Stop loss - 4650
target - 4100
Disclaimer: I may or may not enter depending on market and stock circumtances.
Britannia Trading Below Crucial Trend Line
Cmp - 4524
SL - 4650 ( Weekly Closing Basis )
Next Support Only At 3804/3945 Big Gap Pending.
Will This Gap Be Filled ??
