Britannia Industries bounced from important support levels, which had acted as Support and Resistance for the past 5 years. Stock can be bought above 3380 for target around 3650 and 3750, SL should be 3200. Happy Trading Yuvaa Trades
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.
Britannia 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...
Britannia on a weekly and daily time frame has closed between 20 and 200 ema. A bullish hammer is formed on a weekly time frame and has closed above the resistance levels of 3355. The market has consolidated near the levels. Support :- 3350, 3280, 3180 Resistance :- 3400, 3445 If an hourly candle closes above the levels of 3370, a bullish trade can be...
Britannia on a daily time frame, has formed a shooting star or inverted hammer kind of candle. For last 3 trading days it has been consolidating near a crucial monthly resistance. If the price of the stock closes below 3340 on daily basis it can fall further. Support :- 3280, 3180 Resistance :- 3350, 3402 Wait for the levels to sustain above/below the...
Britannia Industries Ltd - 04.03.2022 The stock is trading @ 3371 levels There is a SUPPORT Zone @ 3300 levels The prices are below EMA There is a HAMMER at SUPPORT in Weekly Charts Let the prices go above 3451 Stochastic is oversold in Monthly Charts Watch out for the price action
Britannia Cmp - 3638 Stop - 3300 Expectation - T1 - 3800 T2 - 4100, Review at 4100 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment Disclaimer:- Not a SEBI registered advisor Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Britannia Industries Ltd - 10.12.2021 The stock is trading @ 3632 levels There is a HAMMER in weekly chart There is a SPINNING TOP in daily chart The prices are above ema Stochastic overbought in daily chart Watch out for the price action
Why and when to enter is mentioned in the chart itself. Consult your financial advisor. This is just for educational purpose.
trend of Britannia looks quite strong so buy on dips buying range is around 4050 stop loss is below 4000 target can easily be 4200++
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.
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.
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
NSE:BRITANNIA long only if find reversal. as per this pattern stop loss is quite big. so long only if you know reversal.