Britannia earlier formed a descending triangle ( higher time frame) and now has a flag formation (lower time frame).
Bullish run is expected to continue for this week too.
Target 1 - 3250
Target 2 - 3300
Expected to go as high as 3600 in coming weeks
Stoploss - 3100
As many analysis-ts and chartists have already drawn downward wedge which has give breakout . Breakout which occurred at 8100 and took the price near 9200 from where a correction is seen till 8225. A beautiful cup with handle has formed in daily which can give breakout above 8950 and target for longs to be 10200 . In this correction or i would say profit booking...
Most debated topic where it will go.
So it has closen below the weekly trendline
Overall structure is bullish
a dip may be seen this week .
But as far results of the most weighted nifty stocks
are too good so need to watch rather than making
positions in hurry.
Otherwise 12150 could be good levels for the lower side.
Do follow us - and check our...
Closing Price 4.45
It's true that the stock has seen a lot of beating in the last few years. And I mean it when I say what I said...a lot means really really a lot...
- a number of issues have taken a very heavy toll on the stock... which is part of Fundamentals and is reflected in the stock price...
Some of fundamentals (available in media and...
Scrip might take support around 537 levels and resume its uptrend and exhaust at 563.15.
Precisely, if the stock makes low or closes at 537.85 at 10.15hrs/first bar in 1hr TF tomorrow, we will look to go long positional.
Join TG for updates and detailed analysis.