Britannia - Cmp 3439.50 Looks good for long at cmp with sl 3360 on closing basis for initial targets of 3510/3580/3685. Reason: 1. Bullish divergence 2. Favorable risk reward 3. Good volume
BRITANNIA seems to become bullish in near future. One can go long from here. (for educational purpose only)
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.
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