Britannia trading near support @ 2620. From 2620 move 2840/3000
Britannia Industries is seen resisting 2730 & thus demands a cautious approach for those who are long on the counter. Though a close above 2730 will open way for targets of 2860, 3000 & 3100. But a failure to do so will result in downside targets of 2500, 2300 & 2200 in short term. Thus, high risk traders can even sell with a strict stop loss above 2775 on closing basis.
Britannia has been in a nice and long uptrend over the last 5 years. After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji. At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend. Its certainly worth...
Ignore the previous post, this is the latest. Do your own analysis before taking a trade
Can go long once the price closes above the white zone
SELL BRITANNIA @2500 . TARGET 2200. BUY CALL OPTION FOR HEDGING....
positional setup in nestle and as i written BEYOND technical analysis that truly means its not only about technical analysis and has certain fundamental things logically taken into consideration ! educational purpose only
As it is in downtrend and gave the powerfull downside after facing resistance on weekly, we may see more downside on daily as per chart. Trade on given level
Double Top pattern spotted in Britannia. Pattern is confirmed by failure of 2860 levels. The stock can be expected to fall nearly 5% towards 2720.
BRITANNIA Up Trend this is best stock for buy you can buy with 2945.55 Target
positional sell setup for hul with sl around 1720/25 zone with targets around 1550/1500/1395/1284
One might want to buy Britannia on dips with SL of 2615 and targets of 2740/2775/2810 in the short term. Looks to be a safe bet on the long side.
Britannia may have found its support around 2630 making a double bottom.
Britannia industries has finally broken out its months of triangle consolidation. It appears to have broken this out on the SHORT SIDE. After a confirmation of the breakout, its going to be a nice and SHORT ride :)
Britannia has just hit it's long term support trend line and stock has always respected it in the past, plus there is contraction in price movement confirming to triangle. Stock is consolidating about 38% fibonacci retracement level. All factors are indicating a big potential move. Jai Hind.
BRITANNIA facing resistance at 50 sma, at supply zone, bears seems to await ferocious to attack the price downwards. Target 3000, Go short