BRITANNIA
Britannia - Swing Trade | Breaking out + Volume expansionKey Highlights:
1. Possible change in MS underway
2. Volume expansion at BO
3. Falling wedge pattern
4. Trendline breakout
5. Waiting for retest
6. Support zone: 3320-3370
7. Target: 3760, 3847, 4008
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P .S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
HUL - HALLA BOL 🐛 🐛#LONG
entry above 2402.20
target 1 - 2425/2431
target 2 - 2462 / 2477.85
target 3 - 2496
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BRITANNIA Swing Opportunity!!NIFTY50 stock BRITANNIA is at Demand Zone.
As we can see, BRITANNIA is taking resistance from a trendline since 12 April 2021. Currently, it is trading near its demand zone at 3423.45. Looking at recent day's deliverable quantity, we can say buyers are taking interest in this zone. RSI is also moving above 40.
We can consider BRITANNIA for a swing trade if it breaks the trendline with high volume.
Buying Range- 3400-3460
Stoploss- 3348 (Below recent swing)
Target- 3760
Risk to Reward- More than 1:2
Duration of trade- Near 1 month
It can also take some resistance near 3550. But I believe it will break that too.
What are your views? Do let me know in the comments.
Take it as an educational purpose. I am not Sebi registered or any Stock market expert.
Always do your own research before taking trades.