Buy Britania above 3368 Stoploss 3325 Target above 3425 Study: Inverse Head & Shoulder Pattern Forming
NSE:BRITANNIA - BRITANNIA is generated Bullish Wolfe Wave. Reversal with good volume will be ideal entry in one of the strong fundamental stock.
NSE:BRITANNIA long only if find reversal. as per this pattern stop loss is quite big. so long only if you know reversal.
As you guys can see that Britannia stock is clearly forming pole and flag pattern in the 1-week chart you can buy this stock from Monday at 3300 level if stock showing +ve sign for a small target of 3400-3450rs for short term (maybe 3-4 trading session) but from a long term, perspective wait for the breakout. you can get an easy target of 3800 and 4000rs. This...
The Grey area is the BRITANNIA's most crucial and heaviest Support zones if that level breaked then the stock perfectly went into down trend and cant be sustained or Other Case, as i am showing an arrow of upward indication as per my analysis its 99% possible that stock can turned into reverse mode, We just needed two things to create position for a perfect...
Britannia is at a long term support and resistance zone. If stock sustains above 3300/3350 levels in coming sessions then buy for Targets of 3600, 3800 and 4000
Only for educational purpose please consult your financial advisor before investing.
Details are in the chart. check it with one day time frame
previous sale given on Feb 11 @ 3436 for target 3385👀 exit suggestion given today @ 3392🎯 below is the fresh view 👇🪕👇 sale if close below 3395-80 zone which is 6 months low Observation :- *** broke 3 months low 3403 ***desendline triangle neckline touch ***TF 15,h,4h,D RSI below 35 - support bearish momentum ( view holds till D closes below 45) ***six month...
reasoning 👇 3 black crows pattern during downtrend breakout - lower bollinger band lower low, lower highs disclaimer - trade @ own risk
Price is at support of triangle and the horizontal support is very good in weekly chart also. Positional trade is suitable.
Britannia: in crucial support zone. Further breakdown will indicate that the expanding triangle might be still at play.
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
The chart indicates a possible support here. A stop-loss around 3380 should be placed and a target of 3600 and 3660 can be seen in the near term as far as stop-loss is saved. This is for educational and knowledge sharing purpose. NOT A TRADING ADVICE. Please comment with your views.
#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..
*disclaimer trade at your own risk, for educational purpose only** 1. Weekly outlook 2. RSI weekly @40 support zone 3. Price action on asymmetrical trend/ triangle breakout 4. Price structure support 3390 range if this breaks 3290 is strong support (hope this will not even test again) 5. Target T1- 3680, T2 - 3760, T3- 3900/ATH 6. 3400-3450 range good for entry...
Britannia seems like broke down after forming a symmetrical triangle. Breakdown confirmation will be done after 15mins candle closes below 3380. Important levels mentioned on chart.