Buy above britannia above 3615 TGT 3620-3622-3625 TG 3590
The stock has entered in its gap and might fill it in upcoming session. These are my independent views and follow your own analysis before taking the trade. Follow me for more.
Britannia Industries Limited ( NSE:BRITANNIA ) is Making Symmetrical Triangle Pattern. This can become a very good trade for intraday traders. Chart Published By Ravinder Sharma
NSE: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...
Nice Risk To Reward Ratio. . .
Smart money distributed before starting downtrend. They will exit their position by buying when price comes into buy zone. Note - avoid before 9:30am and after 2:30pm due to high volatility
THE STOCK IS MAKING AN INVERTED HEAD AND SHOULDER PATTERN. (1 HR TIME FRAME) AND THE LONG WICKS IN 1 DAY TIME FRAME INDICATE BUYER PRESSURE. THERE IS ALSO BULLISH ENGULF HAPPENING P.S NEW SWING TRADER.
#BRITANNIA looks to have taken support around 3850 & now ready to go towards 4150. A break above 4000 likely to add momentum to the stock. So it can be bought @ cmp 3930 for targets of 4000 & 4150 with a stop below 3850 on closing basis.
Intraday call has hit the target now target the positional call. Entry: 3840-3850 Target: 3950-3990 SL: 3790
Hello Traders, Short Britannia below 3800 if it breaks 3800 comfortably for targets of 3570, and 3390 in near short term. #FMCG
Britannia 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 !
Bearish zone started for BRITANNIA from 3987.35
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...
on the weekly charts its a spinning top , will be slightly profit booking from now ownwards don't expect much upside from here . likely to retest breakout from here . Support zone 3500-3550 Happy trading :)
Note: This is for educational purpose only. As per the comments on chart, there seems to be a bearish bias in BRITANNIA. Morever, there is a bearish cloud cover pattern with huge volume. Hence, conviction is more on bearish side.
Price Action in Britannia is signalling Bearishness. Initiate Sell. Target 1 : 3305 Target 2 : 3290 Stop Loss : 3505