BRITANNIA
Britannia India is hanging Around under Life Time HighI recorded a short video to talk about the process of looking at a stock. Starting with the fundamentals and then coming to the short term movements. This is more educational in nature and can help avoiding mistakes like
Looking at chart patterns and taking trades - only to see the stop loss getting hit
Overtrading, getting out of good trades early - getting faked out because of news
Why listening to "Nifty Analysis" and CNBC / Bloomberg is actually very harmful to good trading
How a good stock analysis process always starts with the "Monthly Chart" - and not the 5 min or the 15 min
Why trading doesnt necessarily mean making 2 or 3% on a trade - it should mean making 20-30% on some trades
Of course Britannia is the key trade to look at here - where to take a position and how to manage it. But the lessons i have learnt through painful losses are probably as vaulable.
Britannia India pre-break out homework for good tradersBritannia touched a LTH within a consolidation. Here are things to look at
Stock pattern
Figuring out institutional positioning
How do we as retail traders prepare and what homework to do
Setting up alerts on this stock at 4700 and 5000 - and why
Optional - Maximize gains through options when you are right - make 2-3X more than stock. Or just buy cash equities for decent returns
Please do let me know in the comments if you would like to know anything about the process or would like me to explain some concepts in more depth
#BRITANNIA may fall a bit#Britannia looks a little weak below 3449 and may fall to 3436 / 3419 levels
Trading Idea generated by the software
#Futures #StocksToBuy #Nifty50 #NIFTYBANK
#Intraday #stockstowatch #TradingView #frontpage_app
Other stocks we discussed discussed in the video are: #Britannia #Asianpaint & #McDowell_N
Those will come out in separate ideas..