Britannia Trading Below Crucial Trend Line Cmp - 4524 SL - 4650 ( Weekly Closing Basis ) Next Support Only At 3804/3945 Big Gap Pending. Will This Gap Be Filled ??
Bullish Bat PRZ - 4643/4656 SL - 4563 Target - 4854/4900 If 4563 Breaches Bullish Deep Crab PRZ - 4125/4095 SL - 4060 Target - 4534/4661 If 4060 Breaches Vertical Downside. View Is Bearish, Try To Buy As Near Possible The Stop-Loss.
Britannia Cmp - 4534.5 Sell on any rise b/w 4560-4580 SL - 4624 ( Day Closing Basis ) Target - 4450/4470
Britannia Industries Limited is an Indian company specialised in food industry, part of the Wadia Group headed by Nusli Wadia. Founded in 1892 and headquartered in Kolkata, it is one of India's oldest existing companies and best known for its biscuit products
Paper trade baccho :-) Negative divergence detected. Entry only after 3830 was taken out & sustained. PCH will be SL. The patience game is on.
This is the first time I am trying Harmonic Patterns, and since we are betting against a very bullish market, I have by doubts. However, the price fell from a well tested Resistance Trend Line, and the RSI is also slowly falling down from the Overbought region. I have kept a close stop loss just above the recent high. Fingers Crossed.
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.
In my opinion Britannia went 52 weeks low and now got reversal. In one week if it reach after 3506 it will continue is uptrend like 3543, 3582, 3638.
Note: I am just trader like you, not god or any registered stock advisor. So I request before taking any position according to my view discuss with your financial planner or take on own responsibility. Thanks
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.
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...
Britannia trapped in pattern. Wait for breakout at either end.
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.
SHORT NSE:BRITANNIA below 3440 SL 3455 TARGETS 3420/3400 Britannia given a long channel breakdown and retesting also done.
Britannia broke Resistance @ 3260 and moved swiftly to 3400 and closed below Resistance level of 3395. Considering current scenario if will be hard to brake 3395. If it is able to hold 3393 it will gain 60 points before starting downward journey. If it is not able to hold 3395 britannia can be a perfect short for target of 3100