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Britanniatrend

Britannia India - Classic Base & Break at play near LTHThe right way to make money in low volatility stocks is via calls and puts (as they are generally priced much lower than the expected move). The risk reward in this case can be far better than just plain cash buying (so 1:3 or 1:4 at times) Britannia is fundamentally strong (good results, ROE, etc) - healthy management commentary. This is an update as the stock nears another LTH (previous around 4500 was cleared a few weeks back Basing around 5000 as the mean and holding the 21 EMA well Earnings expected soon - and following the leaders ITC upwards Call options are very cheap at 17% IV for a Risk to Reward of 1:3
NSE:BRITANNIALong
by kunal_finner
2
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 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_