BRITANNIA INDUSTRIES LTD. – TECHNICAL INSIGHT________________________________________________________________________________
📊 BRITANNIA INDUSTRIES LTD. – TECHNICAL INSIGHT
📆 Date: July 8, 2025 | 🕒 Daily Chart
📍 Symbol: NSE: BRITANNIA
💡 Educational Breakdown – For Study & Learning Only
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🔹 Price Action Overview:
Britannia closed at ₹5,884.00, up by +1.95%, forming an “Above the Stomach” bullish continuation pattern just below a key resistance zone.
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🔴 Top Range (Resistance): ₹5,899.50
📉 Bear Strength: 53
The price has approached a previous supply zone where sellers have shown resistance. Watch this level closely for either a breakout or rejection.
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🟢 Bottom Range (Support): ₹4,506
📈 Bull Strength: 77
This zone acted as a strong demand base in the past, initiating a rally with a sharp volume spike.
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🔍 Pattern Focus: Above the Stomach
A bullish candle has opened above the midpoint of the previous red candle, suggesting buyer strength. This often signals momentum continuation, especially near breakout levels.
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🎯 What to Watch For:
✅ Breakout Confirmation Zone:
If price closes decisively above ₹5,900 with volume expansion, it may indicate strength and fresh upside continuation.
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🚫 Failure Zone:
If price faces rejection near ₹5,900–₹5,920 and forms a bearish engulfing or strong upper wick, short-term profit booking could occur.
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📌 Risk Management Tip:
Traders typically look for entry above breakout candle high with a stop below recent swing low or candle low. Volume confirmation is essential before considering directional bias.
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🔍 Contextual Takeaway:
This is a textbook example of price consolidating just below a resistance after a strong trend and forming a bullish candle setup. A breakout or failure here can define the next leg of the move.
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📚 Stay objective, wait for confirmation, and let the price lead.
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Entry Above ₹5,905–₹5,920 (on breakout)
Stop Loss ₹5,765
Risk Reward 1:1 | 1:2 +
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⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
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