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BRITANNIA

Britannia - Looking good for a swing tradeKey highlights: 1. Bounced off daily demand zone in December 2. Change in market structure 3. Overhead resistance from 200MA cluster 4. Inside bar pattern formation 5. Currently sitting at 0.618 Fibonacci level of the last swing Disclaimer :  This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst
NSE:BRITANNIALong
by johntradingwick
4
HIGHEST PROBABILITY POSITIONAL TRADING SETUP IN BRITANNIAReasons to BUY now 1.WEEKLY TIME FRAME ANALYSIS: .Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes .RSI is 48 which indicates long term strength .EMA 52 rejection .0.618 Fib ratio rejection 2.DAILY TIME FRAME: .EMA 200 Support .BULLISH engulfing candle pattern after a false breakout of EMA 200. NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock... FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
NSE:BRITANNIALong
by keshevdugar
2