I have spotted a very clear double bottom pattern on the chart of NSE:BRITANNIA The neckline has been broken with force and with volumes. The 20 period moving average confirms the trend we are pursuing. Taking a trade at this point might be risky as the risk to reward is not favourable but keep this setup in mind for the next few days.
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 ...
Check for the breakout on either side. Can be a good opportunity.
stock is currently at previous breakout zone , taking support on weekly candle, good risk:reward for a short term swing trade
Date : 25-07-2021 Stock 👉🏻 Britannia CMP 👉🏻 3439 Expected Reversal Zone👉🏻3425-3399
Key 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...
Buy- Above 3555 SL - 2460 Target - 3655 3725 3815
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.
Buy Britannia At Cmp 3363 Strict SL - 3270 (WCB) Target - 5600
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.
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
Buy Some At Cmp 3691 Add Some Above 3800 Strict SL - 3370 (DCB) Target - 4200/4500
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.