Britannia looking bearishgo short gettting alomst 1:2.5 risk reward rejecting from a good level
after forming a double top like formation.
BRITANNIA
britanniaa single red candle eat a trend and forming expanding pattern may be price will fall up to lower support zones
Britannia : A little patience is needed (Bulls)NSE:BRITANNIA
1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.
long tradegoing long keeping stop 3730
target levels to watch - 3795, 3830, 3875
disclaimer - for study purpose only
FMCG sector weekly chart analysis with stock explanationRecently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50.
In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively.
Adding to this VBL is outperforming like anything, compare to other stocks in this sector, VBL Chart was really great. which contribute 2.5% to the FMCG sector.
Britannia, Dabur, P&G & Colpal are the other important stocks in this sector.
Keep an eye on these stocks for the coming days.
As FMCG sector look very bullish & broke its 52 Weeks high and also 18 Oct 2021 weekly high in these recent weekly Chart. Which helped in forming double top pattern.
In coming days if the price closes above 42000 level comfortably , then we can expect further bullish movement which has a potential to reach 50000 range in upcoming days.
39000-40000 range must act as important support Level, if price is unable to sustain in the present level.
This is just overall view of FMCG sector. Not a recommendation to trade in any stocks, Do your own analysis before taking any trade.
NSE:CNXFMCG
NSE:ITC
NSE:HINDUNILVR
NSE:VBL
NSE:NESTLEIND
BSE:TATACONSUM
NSE:BRITANNIA
NSE:DABUR
NSE:PGHH
NSE:COLPAL
NSE:MARICO
Britannia analysisPaper trade baccho :-)
Negative divergence detected.
Entry only after 3830 was taken out & sustained.
PCH will be SL.
The patience game is on.
BRITANNIA - 13th July 2022Stock hitting Resistance 3850 - 3700.
Expect weak price action below these levels.
Bears can dominate in pushing prices lower from here
Britannia you should sell or not ?NSE: BRITANNIA
If Breaks Then The Targets could be Taken at 3439
Time Frame :- 1 Day
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
BRITANNIA WEEKLY CHARTBritannia is looking good on weekly chart breaking down trendline resistance and giving positive signals on rsi divergence too
Cause of long
1- Downtrend resistance line breakout
2- Rsi breakout
BRITANNIA - 1st July 2022Stock hitting Resistance Zone of 3500-3465.
Bears can become active below this Zone and try pushing prices lower
BriatanniaBritannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range.
Overall wave structure on hourly chart
Price in buy signal as per RK's mass psychological cloud and stop line
macd in daily uptick
macd in hourly is uptick above zero line, but yet not crossed positive
RSI in hourly is uptick above 50 and near 60
price closed above 20HMA
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Channel pattern breakdown in BRITANNIA.The Channel pattern seen in today's trading session has given a breakout in BRITANNIA and is likely to go up side 3715+.
BRITANNIA - 20th MAY 2022Stock in Sideways Trend
Taking Support in 3340-3000 Range
Holding this Support Area will help Bulls push Prices Higher towards 4000-3800
Britannia long call strategyA nice down trend clearly seen and oversold on 8 March then first pull done and sellers sold it. Then breakout happen of channel now wait for some consolidation done on this level we need it to break 3400 and a retest on Low volume and we will BUY THAT RETEST FOR THE TARGET OF 3600-3700 POSITIONAL.
Long BritanniaStock Name: #Britannia
Action: Buy
Entry: 3401
SL: 3333.70
Target: 3602.20
NSE:BRITANNIA
Britannia trading near crucial level.Britannia on a weekly and daily time frame has closed between 20 and 200 ema.
A bullish hammer is formed on a weekly time frame and has closed above the resistance levels of 3355.
The market has consolidated near the levels.
Support :- 3350, 3280, 3180
Resistance :- 3400, 3445
If an hourly candle closes above the levels of 3370, a bullish trade can be initiated.
Wait for the price to sustain above the levels and watch for a proper price action.
Britannia near crucial level, View for next week.Britannia on a daily time frame, has formed a shooting star or inverted hammer kind of candle.
For last 3 trading days it has been consolidating near a crucial monthly resistance.
If the price of the stock closes below 3340 on daily basis it can fall further.
Support :- 3280, 3180
Resistance :- 3350, 3402
Wait for the levels to sustain above/below the levels.
Stock on a bigger time frame, has formed a "V" shape recovery.
Britannia double bottom with RSI div, heading towards 3600Like all FMCG stocks Britannia is showing some bottoming pattern, though late in the rally. It may pick up speed if the levels of 3350 are crossed. Assuming it is doing a 5 EW, the stock can head towards 3600 in a staged manner. Look to enter based on Fib pullbacks, as long as the stock trades above 3120-50 kinda level. If breaches 3100, the view gets negated.
Massive breakout in Britannia !!!!Britannia had given a breakout of cup and handle above 3250,
and can soon see levels of 3300.
Also, other fmcg counters like dabur, marico are also giving breakout.
#FMCG_inFocus
Britannia Industries Ltd - 04.03.2022Britannia Industries Ltd - 04.03.2022
The stock is trading @ 3371 levels
There is a SUPPORT Zone @ 3300 levels
The prices are below EMA
There is a HAMMER at SUPPORT in Weekly Charts
Let the prices go above 3451
Stochastic is oversold in Monthly Charts
Watch out for the price action
Britannia - Long Setup With Price ActionBritannia has made a strong bullish candle right at the support. Can initiate long position with days low as stop loss. As seen in the charts, previous resistance has been acting as a support.
BRITANNIA LONGBRITANNIA LONG
Good Upmove expected 20% levels.
At Long term support levels (Monthly levels - Red line)
