Britannia India has made W price action pattern which is a trend reversal pattern. Buy after the breakout of resistance.
Buy above 3710 .
TGT 1 - 3740
TGT 2 - 3761
TGT 3 - 3782
STOPLOSS - 3686
Trade at your own risk. Trade safe.
This Trade idea is for 31.03.2021
If Breaks 3632 level then go for buy.
If Breaks 3590 level then go for sell
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle, If trade goes bullish we can see new 52 Week's High.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.
Hey Traders, Here is another analysis and of Britannia.
Please support and guide me, if there's any mistake made by me!
Levels mentioned on chart.
Can long and short only after closing below or above of the supply zone.
BRITANIA BUY ABOVE 3420 SL 3396
TARGET: 3442, 3467, 3486
If sustain above 3485 then 3500, 3515, 3535 possible
Posting for Educational purpose only
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The Grey area is the BRITANNIA's most crucial and heaviest Support zones if that level breaked then the stock perfectly went into down trend and cant be sustained
as i am showing an arrow of upward indication as per my analysis its 99% possible that stock can turned into reverse mode, We just needed two things to create position for a perfect...
The stock looks good to buy near 3570 for the targets of 3625 and 3650 until 3535 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
BRITANNIA - Broadening wedge pattern formation at weekly TF
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Now, why i am saying that britannia is in heavily bullish trend because if you look at the previous closes then you will notice that a strong breakout and heavy green candle
i also modified my STOPLOSS and a particular point and my whole team
i generally like to trade this type of very good fundamental as well as...