BRITANNIAstock is currently at previous breakout zone , taking support on weekly candle, good risk:reward for a short term swing trade
Britannialevels
Britannia - Swing Trade | Breaking out + Volume expansionKey Highlights:
1. Possible change in MS underway
2. Volume expansion at BO
3. Falling wedge pattern
4. Trendline breakout
5. Waiting for retest
6. Support zone: 3320-3370
7. Target: 3760, 3847, 4008
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P .S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
If Breaks 3632 level then go for buy. (31 MARCH)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.
Beginner's analysis.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.
📊#Britannia long #niftyfmcg #nifty #banknifty #niftybank 🎯NSE:BRITANNIA
long only if find reversal. as per this pattern stop loss is quite big. so long only if you know reversal.
BRITANNIA (The Most Crucial Support Zones)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 swing
1. the stock must showed a heavy buying
2. the stock must 1st higher high
thanks for any more QUERY
DM me
Britannia bullish 1DPrice is at support of triangle and the horizontal support is very good in weekly chart also. Positional trade is suitable.
Buy Britannia near 3570The 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 "FLAG BREAKOUT"Buy Some At Cmp 3691
Add Some Above 3800
Strict SL - 3370 (DCB)
Target - 4200/4500
Britannia - Bullish BreakoutNote: 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.
