Go long on BritaniaBritania is in perfect demand zone. It has strong support of 3400 on chart. Today given excellent bounce with high volume from same support. Keep Stoploss of 2% below support and you can make above Target.
BRITANNIA trade ideas
Britannia break out analysisHoping to breakout by august 10th
Britannia Aug 3500 CE has good chances of doubling if bought at CMP
Divergence- Possible reversal for BritanniaDivergence formed in daily time frame- Possible reversal for Britannia for a target of 3700. Not a trade recommendation. My analysis can be wrong :)
Long britannialong britannia above 3455 Target 3750 SL 3370. Area of value. This is for your educational purpose only. Good risk to reward trade.
chance in BritanniaIf the stock doesn't break the lower support, then rewards are good.
Only for learning and sharing purposes. Not trading advice.
Plz comment on the idea.
BRITANNIAstock is currently at previous breakout zone , taking support on weekly candle, good risk:reward for a short term swing trade
Britannia at support1) Bought Britannia August futures @ 3445
2) Bought Britannia July PE 3440 @ Rs.30
3) Sold Britannia July CE 3550 @ Rs.5
Britania Britania best for swing buy....sl 3300 below day closing basis...target 3600-3800...best buy for upcoming result..
Britannia at Daily TFBritannia may retest at 3380 (ppint D). Find buying opportunities if sustain at 3380 level. A fine support also there. A fine harmonic pattern formed.
Britannia - Going to be a LONG Candidate Soon for Swing1.Trading at the Support Created by the Channel
2.Also at 400 EMA Level , Which Bit difficult to be breached.
3.Also Trading an important Support level from where Buyer's have taken the prices up in the past.
4.Going to be a good pick after the trendline , Keeping 3320 as an SL And Get target of at least 1:1
#happytrading #eductationalpurposeonly
Formation of Symmetrical Triangle Pattern in BRITANNIAIn BRITANNIA, We seen a fine symmetrical triangle pattern formation. Currently it's forming its 3rd wave of this pattern. Expected it will complete its final wave in first week of august month.
1) Current Stage Position(Long Trade):
Currently this trading near support level and expected it will take this support and take reversal towards the resistance trend line and form its 3rd wave. Expected this process take 10-15 days. So we can take long position at this level with stop loss below the support trend line and target is resistance trend line. According to pattern projected initial target in between 3620-3630.
2) Near Resistance Position(Long/Short Trade):
Once BRITANNIA complete its 3rd wave there will be 2 possible trading situation occurs. First one is for long position after breakout and another is short if reversal. According to previous trend more chances it will give reversal from It's resistance level so we can take short position on reversal with stop loss above resistance trend line for target of support line. If this reversal happened more chances it will give breakdown of support trend line also and go for further target downside of 2950-.
On a same level We can't ignore breakout situation. In same time period there have earning release of BRITANNIA so this fundamental trigger also impact on the behaviour of stock near its resistance level.
Thank You,
TradZoo Team
Excellent opportunity to buy Britannia between 3400-3440 TG@3600Excellent opportunity to buy Britannia between 3400-3440 TG@3600.
Excellent opportunity to buy Britannia between 3400-3440 TG@3600Excellent opportunity to buy Britannia between 3400-3440 TG@3600-3700 SL@3299 (On Closing Basis). We can see a BIG BIG rally towards 4300-4500 once it crosses level 4000.
Fundamentally very strong stock.
A technically good level to accumulate.
BRITANNIA 1D - Price approaching strong support zoneBritannia price approaching strong support zone (see chart). One can add this to watchlist and track for support retest and reversal with some good volume to consider for long position.
P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
