There has been a strong break down on hourly chart in Britannia ind. Can short at the present level with target 3465 and SL above 15-20 points. Risky Trade. Valid only if opens at the closing level or gap up/down by 0-5 points.
BRITANNIA near Breakout (Red line) Looks good above 3543 Level (Green Line) for the target of 3570 which seems next resistance
#BRITANNIA WEEKLY CMP 3520 Stock looks good near 3450 to 3400 we can see again ATH Invalid below 3160 #Disclaimer:-I just shared view for only educational purpose.
Everything is mentioned in chart If any query comment here or Tgram me @traderatbest
NSE:BRITANNIA is currently in bearish trend and closed below 200 EMA in daily chart.
Stock price seems to go higher. For learning and sharing purpose, not a trading advice. Please comment your views.
Britannia reversed after touching the psychological price level of Rs. 3500/- Gave Rs. 33/- before reversing from days low. Indicator used TE REKAB, it captures reversals in the market. This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart. Happy Investing ! PS: If you...
DO YOUR OWN RESEARCH BEFORE TRADING OR INVESTING
The Britannia is expected to go downwards at least until 3323 which is a further downward move of 250. Traders can short the futures or buy put calls for the target.
Britannia is forming adam and eve pattern and it may go up after breaking the resistance.
BIG DAY FOR BRITANNIA , BUY AND HAVE PATIENCE LET MONEY DO THE WORK
The scrip has potential to move both sides. Holding above 3776 might push the scrip towards 3875 Holding below 3700 might push the scrip towards 3588 Regards
The stock broke the orange trendline and is now forming a descending triangle. This is not a recommendation, Its for educational purpose only. Trade Safe!!
Everyone's buying nifty, guess who is selling? Big players coming in.. Gonna crash baby