This is the first time I am trying Harmonic Patterns, and since we are betting against a very bullish market, I have by doubts. However, the price fell from a well tested Resistance Trend Line, and the RSI is also slowly falling down from the Overbought region. I have kept a close stop loss just above the recent high. Fingers Crossed.
Price after breaking the triangle pattern reaches the previous high and rejected from it. Watch closely for the close above ATH in weekly before deciding Long.
TRADING 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...
I have spotted a very clear double bottom pattern on the chart of NSE:BRITANNIA The neckline has been broken with force and with volumes. The 20 period moving average confirms the trend we are pursuing. Taking a trade at this point might be risky as the risk to reward is not favourable but keep this setup in mind for the next few days.
Britannia 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...
BRITANNIA - looking strong above with good volume - wait for current breakout sustaining at current levels. Current trend will take to 4000 levels Wait for pullback and and breakout and can go for long term. Incase if breaks 3800 and sustains below - BoF - can go for short term. Add to watchlist and trade as per your study.
Buy Britannia for long term investment. check to the chart for more details and information.
BRITANNIA looks good above 3760 weak below 3640 CAN GO TILL 4150 (CMP: 3788)
NSE: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...
A Bullish Pattern formation, in the longer time frame(weekly & monthly). The resistance line getting weak with repeated tests.
I 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...
Buy Britania Stoploss 3300 Target above 3700 Hidden Bullish Divergence spotted on RSI...
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 ...
Britannia is showing consolidation pattern and showing signal of uptrend after reaching the bottom. The result is expected better because of low base effect, the stock is undervalued. 1. SL 3400 2. SL 3330 target 3776 If break 3330 then a big downtrend can be expected.
Price may move up to 3800 possibilities Analysis method Camarila R4 breakout Triangle breakout Moving average breakout
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...
Britannia looking very good for the buy-side as it is trading at support on a Weekly and Monthly basis. Look into the chart for more information.
Check for the breakout on either side. Can be a good opportunity.