BRITANNIA
Britaninia : Trade SetupNSE:BRITANNIA
Hi Traders,
BRITANNIA has broken upward price channel as well as descending triangle pattern and taking support on previous high of upward price channel. If this support is broken by it then it will start downward movement.
Stock Analysis
* Stock has broken upward price channel.
* Stock has broken descending triangle pattern.
* Taking support on previous high.
Sell Level
Below 3684 (based on price action)
Target Level
TP1= 3520
TP2= 3419
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Britannia , xxDDBritannia is currently in the uptrend only , given weekly breakout recently , Remember not to be shorted as target remains 4130/ 4500 positionally.
TIP - MAKE YOUR CHART SHORT AND CRISP TO UNDERSTAND TO TRADE !!! :) Complex charting is always done to show off the knowledge !
Happy trading !
Britannia : FMCG Party Over ?Britannia has given nearly 100% return from March lows and currently is trading in weekly resistance zone of 3400 - 3800 levels.
Friday closing isn't looking good, any close below 3400 lvls would mean the rally is over at least for Britannia.
MACD is also not really looking good as well, it is consolidating sideways while the price has been rising.
Watchout FMCG sector -- the party seems to be over !!