NSE:BRITANNIA 1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.
Paper trade baccho :-) Negative divergence detected. Entry only after 3830 was taken out & sustained. PCH will be SL. The patience game is on.
NSE:BRITANNIA Britannia looking good above 3882 @Forming a flag pattern after a pole spike up movement, with horizontal resistance. @ Good momentum is expected on breakout. @ Try to capture at least 1% move as this setup is on 15 min time frame. Always trade with stoploss Keep learning ,Happy trading.
BRITANNIA INDS seems Triangle pattern , keep concentrate for the breakout. if price open close above the trend line in 15min time frame get confirmation. Refer upcoming target.
Britannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range. Overall...
Britannia on a weekly and daily time frame has closed between 20 and 200 ema. A bullish hammer is formed on a weekly time frame and has closed above the resistance levels of 3355. The market has consolidated near the levels. Support :- 3350, 3280, 3180 Resistance :- 3400, 3445 If an hourly candle closes above the levels of 3370, a bullish trade can be...
Britannia on a daily time frame, has formed a shooting star or inverted hammer kind of candle. For last 3 trading days it has been consolidating near a crucial monthly resistance. If the price of the stock closes below 3340 on daily basis it can fall further. Support :- 3280, 3180 Resistance :- 3350, 3402 Wait for the levels to sustain above/below the...
Britannia Industries Ltd - 04.03.2022 The stock is trading @ 3371 levels There is a SUPPORT Zone @ 3300 levels The prices are below EMA There is a HAMMER at SUPPORT in Weekly Charts Let the prices go above 3451 Stochastic is oversold in Monthly Charts Watch out for the price action
Britannia has made a strong bullish candle right at the support. Can initiate long position with days low as stop loss. As seen in the charts, previous resistance has been acting as a support.
Wow,Britannia Industries trading near its super demand zone.Can consider for swing trade with around 9% ROI and also for short term with around 16.95% ROI.As i always say whatever we do must follow risk reward and money management.Have a profitable trade.
Britannia is looking good to Buy above 3570 for the marked targets on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Britannia Cmp - 3638 Stop - 3300 Expectation - T1 - 3800 T2 - 4100, Review at 4100 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment Disclaimer:- Not a SEBI registered advisor Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Britannia Industries Ltd - 10.12.2021 The stock is trading @ 3632 levels There is a HAMMER in weekly chart There is a SPINNING TOP in daily chart The prices are above ema Stochastic overbought in daily chart Watch out for the price action
Why and when to enter is mentioned in the chart itself. Consult your financial advisor. This is just for educational purpose.
Reasons 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...
Britannia may reach 3800 in two weeks. abandoned baby pattern formed
Stock- Britannia Cmp - 3894 Weekly Timeframe chart Support- 3800-3850 Trendline support- 3680-3700 Upside targets- 4150-4650 Positional basis
Britannia looks good to buy if sustains above 3875 for the marked targets on the chart until 3810 is intact on the downside on a closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team