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Britannialevels

BriatanniaBritannia 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 wave structure on hourly chart Price in buy signal as per RK's mass psychological cloud and stop line macd in daily uptick macd in hourly is uptick above zero line, but yet not crossed positive RSI in hourly is uptick above 50 and near 60 price closed above 20HMA Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:BRITANNIALong
by RK_Chaarts
Britannia price action analysis. Time for a pull back?Britannia's stock price has fallen after it reached the potential reversal zone or supply formed by the XABCD bearish shark pattern. The price took the correction until point C of the pattern which is an ideal ultimate target for the shorts who followed this pattern. Recently after the correction, it rose and broke out it volumes above the PRZ. Considering RSI at 80 and the price at the major supply zone from where it had been rejected twice before, the price may come down to have a pull back test. If the price bounces off the PRZ or the supply zone, this PRZ/supply zone will become a strong demand zone. On the other hand, breaking and sustaining below 3720 and the red trendline will confirm the downfall. We can see a ABCD pattern, which has a fib price extension of 2 at 4042. Above this level the price may have a good long rally. If price tests the prz and bounces off, then go long above 3720 or 3815. You could 6-10% rise until 4042. if the price sustains above 4042 add more qty and have trailing stoploss. Strict stoploss at 3720. A fall up to 3650 could come below 3720. Happy trading :) This is not investment advice. Please consult your financial advisor before investing.
NSE:BRITANNIALong
by Sanjan91
3
BRITANNIA triangle converging.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 _______________________________________________________________________________________________________________________________________________________ Manage your risk and trade your plan. :)
NSE:BRITANNIAShort
by Tradeception_