NSE:BRITANNIA Rectangle Breakout Target: 4300 Stoploss: 3645
Target comming out to be near 4600 for long term.
Add Britannia IN Your Buy watchlist for Intraday
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...
Britannia 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.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
1) Major support at 3300 2) Next resistance at 3600 3) Wait and watch in the 3400-3450 area
Britannia -3558 / 3612 by 4th / 5th June
Swing trade. RSI in overbought. 1 hr timeframe shows price is rising but RSI is not moving up. Wait for 20 EMA to turn down and then first target should be 3200.
BRITANNIA Range. Testing lifetime highs third time.
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
As we have seen early the Britannia has broken its cup and handle pattern. Also their results are coming this Tuesday hoping for a good results, as packaged food were much in demand during the lockdown have added the initial support and resistances to lookout during this week.
Hey There , The major resistance level are 3289 or 3290 so it will go 3289 with in 4 to 5 days
All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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,...
Hi all, Will test 3151 which is also matching .618 level..
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...