Currently Britannia formed flag pattern and it is lying in fib level .618 and it may be go till .5 level... Next it will move as per fib level 1 and 1.6 respectively.
NSE:BRITANNIA BRITANNIA HAS BROKEN THE DOWNWARD CHANNEL AND SHOWING UPWARD BIAS. LOOK TO BUY AS PRICE RESPECTS THE SHORT TERM BOTTOM TREND LINE AS SUPPORT
BRITANNIA 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 trend-line break out True or False? find your trade.
With 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
Monthly 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...
BRITANNIA has broken out of a range with good buying and is expected to test next resistance level of 3400 , can go long at above 3306 with SL 3216.
Britannia retracing from the 0.786 level also reversing from GAP area which was formed on the 23rd of September. It has also reversing from the support line. The stock may be bought in the range of Rs 2,940-2,960 for targets of Rs 3,100-3,250, and keep a stop loss below Rs 2,840.
BRITANNIA (Britannia Industries Ltd) BUY ABOVE 2970
BRITANNIA (Britannia Industries Ltd) SELL BELOW 2930
structure of fmcg gap , support , resistance , parallel channel all been shown in the chart BRITANNIA ITC HUL COLPAL DABUR CHECK ALL OUT
NSE:BRITANNIA amazing buy can seen on 2568/-
NSE:BRITANNIA Flag formation, Kumo turns green, Chikou free from resistance.
BRITANNIA (Britannia Industries Ltd) SELL BELOW 2620