BRITANNIA TGT 3800/4000++BRITANNIA TREND ONLY FOR STUDY
LEVELS FOR STUDY
Post Charts For Educational & Study Purpose Only.
Not Responsible For Your Profit And Loss.
We Are Not SEBI Registered Advisor.
BRITANNIA trade ideas
weekly weak closeweekly close below 3540
will take bearish entry next week
disclaimer - trade @ own risk
Britannia Trade Long For TomorrowAs you can see in the chart from last 10-15 day stock is consolidating behind 3700 levels.
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Today stock has given the breakout and then made a green candle.
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So for tomorrow if stock goes above 3750, you can this trade for the Target of 3900.
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Note: This is a swing trade & this is only for educational purposes.
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Don't forget to like the idea, if you think it's helpful.
Britannia Breakout Good to buy For short term targetIn this consolidation and correct Nifty FMCG looks Positive and Britannia Given Breakout AT 3730 holding the breakout level.
Buy at CMP:3730-3750
Target: 3800/3850
Stoploss: 3688
Disclaimer: Do your own Research before investing, trade on your own Risk.
Swing Opportunity in BritanniaGo Long above 3705.15 for Targets of 3804.45, 3903.75, and 4003.05 with SL 3605.85
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Britannia britannia is a trendline. if it takes support at trend line then we can see a reversal or else we can wait at our previously marked zone to initiate swing trade
Britannia There is clearly breakout and retest.
Good risk to reward ratio.
Lets hope FII stop selling .
For Educational purpose only, consult your financial advisor before investing.
Possible Up Movement From Here - FlagBuy half of the amount @4120, Buy more @4155-60
Target - 4500++
Duration - 1-1.5 months
SL - <3138 (closing point)
Pattern - Flag
BritanniaTaking support at trend line.. can look to add once good base formation with bullish pattern forms
Britannia Industries - Target - 4000Why and when to enter is mentioned in the chart itself.
Consult your financial advisor. This is just for educational purpose.
Britania Cmp 3693 dated 26.10.2021Britania Cmp 3693 dated 26.10.2021
1. Bullish Engulfing Candle Stick at support.
2. RSI Divergence.
Buy for a tgt of 3710 for a tgt of 3790-3860-3990
SL 3625
It is just a view, pls trade at your own risk.
Britannia - For Early BuyLooks change in trend finally
Break of trend Line
Entry above 3700 only with volume break
Risk to Reward - Excellent
HIGHEST PROBABILITY POSITIONAL TRADING SETUP IN BRITANNIAReasons to BUY now
1.WEEKLY TIME FRAME ANALYSIS:
.Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes
.RSI is 48 which indicates long term strength
.EMA 52 rejection
.0.618 Fib ratio rejection
2.DAILY TIME FRAME:
.EMA 200 Support
.BULLISH engulfing candle pattern after a false breakout of EMA 200.
NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock...
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)
Seems like an ending diagonal.Seems like we are ending diagonal .
Please comment. Feel free to express your view's..
BRITANIA - 5TH LINE OF ELLIOT WAVE FORMINGBritania is forming 5th line of Elliot Wave. Can be bought for targets of 4100 and 4350. First support honored at 3820. Stop loss at 3780.
BRITANNIA inds bullish TF-4BRITANNIA inds bullish gartley TF-4hrs
see chart
oversold zone -
will it reverse from prz zone?
Study-Practice-sharing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Britania - defensive stocks bullishdue to volatility , mkt will focus on defensive stocks. britania seems to be making a base. keep watch for buying.
for education purpose only.
Looking good above 3926Looking good above 3926
Currently its taking support and showing sign of reversal.
Good Risk to Reward
