BRITANNIA
Stock looks weak below 3580NSE:BRITANNIA
Stock after a small up-move has been consolidating for the last couple of days and has now formed a head and shoulder pattern on an hourly chart and looks like it might head lower from these levels if stock trades below 3580
Below 3580 the stock might slide lower towards 3550/3510 levels SL can be placed above 3620
Ideas shared are for educational purpose only.
Britannia looks ready for an up moveBritannia after hitting its 52 week high in July has been underperforming and consolidating for the last few months now looks like it has finally found some support around 3500
Britannia above 3590 might move towards 3650/3700/3750 in the coming days as long as 3530 is not taken out on the down side.
All trading strategies and ideas shared are to be used at your own risk.
BRITANNIA - Broadening wedge pattern formation at weekly TFBRITANNIA - Broadening wedge pattern formation at weekly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Britannia | Symmetrical Triangle Breakout will give you 3.87 %🎯Swing Trading opportunity ! Daily Chart Alert !!!
--Buy above =3737 or CMP @ 3758
--Target = 3882
--Stop-loss = 3657
--Lot Size = 200
--R:R =1.81
--Expected Profit = 28,900₹ per lot ( 3.87% )
--Expected Holding = 7-15 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) Britannia has given the breakout of symmetrical Triangle
2) volume is good & pinbar candlestick formation on lower timeframe
3) support & resistance are mentioned on the charts
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My setup for Britannia, uptrend this is Free VIP Signal,
for more kindly DM me
Now, why i am saying that britannia is in heavily bullish trend because if you look at the previous closes then you will notice that a strong breakout and heavy green candle
i also modified my STOPLOSS and a particular point and my whole team
i generally like to trade this type of very good fundamental as well as perfect technical setup
i use to take both side trades in this type of stocks
i already shared my few of the journey stocks you can check
thank you
god bless you
May you guys have a very profitable week