NSE:BRITANNIA long only if find reversal. as per this pattern stop loss is quite big. so long only if you know reversal.
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 or Other Case, 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...
Price is at support of triangle and the horizontal support is very good in weekly chart also. Positional trade is suitable.
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. Happy Trading! InvestPro India Team
Britannia trapped in pattern. Wait for breakout at either end.
BRITANNIA - Broadening wedge pattern formation at weekly TF Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
As shown on Chart, share price consolidating at support and also oversold as per %R. Rebound can be expected towards 4000 levels.
Buy Some At Cmp 3691 Add Some Above 3800 Strict SL - 3370 (DCB) Target - 4200/4500
It has given a breakout in daily time frame suggesting further uptrend till 4400 with resistance on its path at 3830. View negates on hourly close below 3700
this is Free VIP Signal, for more kindly DM me 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...
Note: This is for educational purpose only. There seems to be a bullish breakout on rising channel with good volume. RSI above 65 indicates bullish momentum.
Date: 28 Nov 2020 Britannia (CMP: 3,637.95) Ascending Triangle Pattern. Strong buy volume + stock price going above 50 Day EMA + RSI moving above 50 levels is very good bullish signal. Target - 3,815 SL - 3,550
THIS IS FOR EDUCATIONAL PURPOSES ONLY
Everything is mentioned in chart If any query comment here or Tgram me @traderatbest
The stock has entered in its gap and might fill it in upcoming session. These are my independent views and follow your own analysis before taking the trade. Follow me for more.
Nice Risk To Reward Ratio. . .
The stock has moved to all time highs. I think there will be a lot of resistance at the high point and it will retrace towards the long term resistance marked on the chart. It is in a strong bull run and will provide a good buying opportunity in the coming few days. Buy @ 3650 SL @ 3400 Trailing stop loss strategy.
Note: This is for educational purpose only. As per the comments on chart, there seems to be a bearish bias in BRITANNIA. Morever, there is a bearish cloud cover pattern with huge volume. Hence, conviction is more on bearish side.