BRITANNIA
BRITANNIA GOING UP.....CONDITIONAL BUY ..!THIS ANALYSIS OF BRITANNIA IS FOR NEXT 10-15 TRADING SESSIONS .EVERYTHING IS CLEAR ON THE CHART .
BRITANNIA HAS SUPPORT AT PRICE 3275-3310 LEVELS.
CONDITIONAL BUY IS ONLY AND ONLY ABOVE 3445 .
FOR THE TARGETS OF (!) 3520 , (!!) 3555.
YOU CAN KEEP SL AT 3375-3340 LEVELS . KEEP IT FLEXIBLE .
CMP 3429
NOTE: PRICE MAY COME DOWN TO 3375-3340 LEVELS BEFORE GOING UP
BUY ONLY ABOVE MENTIONED LEVELS WHEN COMES AGAIN .
DRAWING ANALYSIS.
PITCHFORK DRAWN. PRICE HAS A RESISTANCE NEAR PITCHFORK (.50) UPPER LINE (SEE NO.(1), (3) )
IT IS TAKING SUPPORT NEAR PITCHFORK (.25) LOWER LINE (SEE NO(2) , S point )
WE CAN ALSO SEE THE ELLIOTT IMPULSE WAVE FORMING .(1) (2 ) ( 3) ( 4) (5?)
DISCLAIMER
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any financial instruments.
The content of the idea and the interpretation of data are solely my personal views.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
THANK YOU ,
PINANK SHAH
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BRITANNIA Inside Bar BreakoutBritannia formed doji candle on daily time frame and contracted within previous day's candle.
The high/low can be traded with a conservative target at the mother bar's high/low range.
Long above 3407
TGT: 3442
Short below 3344
TGT: 3306
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Britannia Britannia broke Resistance @ 3260 and moved swiftly to 3400 and closed below Resistance level of 3395. Considering current scenario if will be hard to brake 3395. If it is able to hold 3393 it will gain 60 points before starting downward journey. If it is not able to hold 3395 britannia can be a perfect short for target of 3100
(Intraday) Short ! Britannia with shooting Star
1. Shooting Star Formation on Daily Chart.
2. Recently , At the price of 3278 Double TOP Formation maid by the daily chart.
3. It has close the price 78.6% Retracement Level from the Double Top Level.
4. On Drawing AB=CD Pattern with 78.6% Retracement Level.
5. Assuming D Point Formation at 1.27 level Price comes at 2819.
6. Sell below 3110 Target: 3083, 3029, SL: 3163
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(Intraday) Short! Britannia with Harmonics
1. As mentioned in my previous study Britannia broke Descending Triangle Pattern.
2. Recently, Price also broke the Monthly support level of 3026. Fallen to 2920 (Another Monthly Support level).
3. Today on 6/5/20 Price retrace the level of 61.8% to continue the further fall to 1.27 Level
4. Sell Below 2972 Target :2961, 2949, 2938 , 2921 , 2897 , 2873 Stop Loss: 2990
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