dabur india with good fmcg agin making life high , this too is a candidate for the same ..
but !!!
as the rally was one way up , it should retrace back to 480 ..465 for fresh move around 500 and then to 520 oe even new life high
i will remain positionally bullish , but not foolish enough to buy at any price , will wait and watch to buy in zone 468 to 478 for 500 & new life high as lng as 460 hold on closing basis
BRITANNIA
BRITANNIA levels for 05-Mar-2020(Intraday)Britannia closed near Imp Fib resistance level, with respect to major trend line , Alligator provide buy signal but breakout of 3080 can be opportunity.
Above 3080 for 3100,3130,3180
Below 3025 for 3005,29702925
Critical zone - 3025-3080(sideways)
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UPDATE BRITANNIAPrice went down even after a gap up today. (as opposed to what was expected)
But the price has respected the previous resistance line and the 20 ema.
In addition, lower lows has formed in chart BUT higher lows has formed in macd - signs of a weaking downtrend.
BUY it if you haven't already
#Britannia Target 3355, SL 3050 (Cash) - Positional call#Britannia Target 3355, SL 3050 (Cash) - Positional call
1. All levels are given in cash.
2. Calls are positional.
3. Positional means 2 to 4 weeks' time.
4. Always follow Stop Loss.
Tweets are for educational purposes, Not recommending anything to anyone. Just watch levels. Levels are in CASH. Buy or sell calls will be only triggered above the mentioned levels. Just Follow levels.
Britannia Industries: Took support and bounced, will it continueBRITANNIA INDUSTRIES: The stock is hovering around a very strong support zone. The RSI bouncing off from 40’s further indicate the momentum support in the stock. MACD is neutral and picking up (though not positive yet). A minor bottle neck is placed at 3130 – 3145 levels, above which 3280 &3360 may be evident.
Britannia Opening Intra TradeWith a bearish bias established in Britannia through my earlier post ( ), I am seeing an interesting intraday opportunity to short at the opening today. In 15 min, there is a good upward rejection of EMA and Pivot. EMA crossover has already occurred and trend is on our side. Will look to short with SL of 3242 and a 1:1 target
Britannia Weekly Doji: Possible ShortMonthly gives a mixed view with green candles and minor resistance rejections.
Weekly:- Doji formed at Monthly Resistance, price losing steam, showcasing negative bias.
In daily, there is a nominal bearish divergence in RSI as well as red candle rejection of monthly resistance. Now, awaiting a TL break to further confirm this bearishness and go short with SL of 3420 and target of 2847.