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BRITANNIA

Britannia price action analysis. Time for a pull back?Britannia's stock price has fallen after it reached the potential reversal zone or supply formed by the XABCD bearish shark pattern. The price took the correction until point C of the pattern which is an ideal ultimate target for the shorts who followed this pattern. Recently after the correction, it rose and broke out it volumes above the PRZ. Considering RSI at 80 and the price at the major supply zone from where it had been rejected twice before, the price may come down to have a pull back test. If the price bounces off the PRZ or the supply zone, this PRZ/supply zone will become a strong demand zone. On the other hand, breaking and sustaining below 3720 and the red trendline will confirm the downfall. We can see a ABCD pattern, which has a fib price extension of 2 at 4042. Above this level the price may have a good long rally. If price tests the prz and bounces off, then go long above 3720 or 3815. You could 6-10% rise until 4042. if the price sustains above 4042 add more qty and have trailing stoploss. Strict stoploss at 3720. A fall up to 3650 could come below 3720. Happy trading :) This is not investment advice. Please consult your financial advisor before investing.
NSE:BRITANNIALong
by Sanjan91
3
Swing Trading Opportunities for W/B 23-8-21TRADING WATCHLIST FOR W/B 23-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR W/B 23-08-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS BRITANNIA COAL INDIA GRASIM HDFC HINDALCO SHREECEM BANDHAN BANK PNB BBTC Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well. I read it both ways - Either There is scope for Nifty to go up further as these scrips would eventually move up. Or Nifty may consolidate or drift until the overall market turns bullish for several leading names as well. SECTORS LOOKING GOOD FOR LONG POSITIONS- METALS GROWTH FINSERVICES COMMODITIES REALTY During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the set up and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 22-08-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades / investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
This Breakout can grow your portfolio's valueBritannia Industries Ltd is showing a good buy for all the MEDIUM TERM & LONG TERM INVESTORS because Britannia is showing a FLAG Position in its weekly charts. The stock just crossed the Higher High's trend line which is an signal that the stock had changed the on going trend and speeded the candle more bullishly. As it is a weekly chart, my experience says that the medium term buyers can come forward into the markets for good buy position and as per DMI Indicator (It happened). Many Medium term players entered the bullish Train for gaining good amount of Profits. Now lets directly to my Analysis. Britannia Industries CMP - 3895.95 Targets for this Idea will be for Medium term Investors (If you are not a medium term investor or a medium term trader) estimate this stock as per you analysis. Targets - 5375.05 Stop loss (Every other thing in the Markets are not in your control, but the risk is calculated and always controllable and I think the most important for any Technical Analyst is RISK MANAGEMENT) Stop loss for this Trade - 3800 / 3790 / 3750 The Stock is Bullish and can give you a good returns in Future All the best!
NSE:BRITANNIALong
by yashdoshi209
Britannia potential break outNSE:BRITANNIA Hello all! Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline. Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an opportunity for going long. As I am more comfortable with swing reversals, I would have taken a long position if it would have touched the bottom trendline. But if the stock breaks out, a fresh long position can be created after the retest of the trendline. The Risk to Reward ratio will also be decent. If the stock instead fails and drops again, we can wait till it hits the bottom of the lower trendline of the channel and then create a long position after spotting signs of reversal. The SL will also be minimal. What's your take on this? HAPPY TRADING!!! NOT A CALL
NSE:BRITANNIALong
by Traders_Town
Swing Trade: BRITANNIA is ready to go up due to short coveringI hope everything is well explained in the chart itself. BRITANNIA INDS is forming a "W" pattern in daily timeframe. Market View: Bullish Buy Zone: (3590-3630) Target 1: 3700 -3709 Risk: reward = 1:3 PS: Since 3700 is a psychological level so before crossing 3700 price may fluctuate more than usual. So be careful with trailing stop loss. Target 2: 3850 Risk Reward: 1:7 from initial buy zone, 1:3 from target 1 as buy zone PS: Need to be hold more than 1 week to achieve this target. Stoploss: 3555 Reasons to go bullish in this stock. Timeframe: Daily - Awesome Oscillator (AO) showing bullish crossover. - Close price is trading above: 21 EMA, 50 EMA - RSI is above 60 - Close price is above R1 in pivots points
NSE:BRITANNIALong
by IronManFromFurture
BRITANNIA triangle converging.BRITANNIA has been narrowing its movement range between two converging lines and the formation is resembling a triangle pattern. Right now it seems to be facing rejection from the upper line of the pattern. One could go short with the following levels in mind: SHORT BELOW: 3575 STOP LOSS: 3645 TARGET 1: 3505 TARGET 2: 3435 _______________________________________________________________________________________________________________________________________________________ Manage your risk and trade your plan. :)
NSE:BRITANNIAShort
by Tradeception_
Is Britannia Industries Ltd mature for swing now ?After the corona crisis in 2020, the stock has rebooted from the low of 2100 to hit its all-time high of crossing 4000 points. The stock has fined its trajectory braking the enduring resistance of 3400. Once the stock triumphs its all-time high the stock has leaned on consolidating among 3400 and 3800 points. The stock has seen taking continuous support at 400 exponentials moving average on historical data, though the stock is below 100 and 200 exponentials moving average. Nevertheless, the stock is not in the overbought zone.
NSE:BRITANNIALong
by SrinathJagan
2