NSE:BRITANNIA 1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.
going long keeping stop 3730 target levels to watch - 3795, 3830, 3875 disclaimer - for study purpose only
Recently 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...
Paper trade baccho :-) Negative divergence detected. Entry only after 3830 was taken out & sustained. PCH will be SL. The patience game is on.
Stock hitting Resistance 3850 - 3700. Expect weak price action below these levels. Bears can dominate in pushing prices lower from here
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 BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING
Britannia 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
Stock hitting Resistance Zone of 3500-3465. Bears can become active below this Zone and try pushing prices lower
Britannia 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...
A major downtrend happens if it does not sustain the 3200+ level.
The Channel pattern seen in today's trading session has given a breakout in BRITANNIA and is likely to go up side 3715+.
Stock in Sideways Trend Taking Support in 3340-3000 Range Holding this Support Area will help Bulls push Prices Higher towards 4000-3800
A 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.
Stock Name: #Britannia Action: Buy Entry: 3401 SL: 3333.70 Target: 3602.20 NSE:BRITANNIA
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...
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...
Like 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.
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