Britannia can be bought around 3440-3410 levels for 3650+/-Britannia after giving good profits from the first trade shared, is now again giving a good entry point around 3440-3410 levels and shall make high of 3650+/-. Idea is invalid below 3495/-
BRITANNIA trade ideas
Britannia flag pole breakout , and resumed journey, 200 ma crossBritannia flag pole breakout , and resumed journey, 200 ma cross
Rounding bottom breakout in BritanniaTrent in Britannia is same as recent past, and this breakout can take share back to 3800 to 3850 targets.
Double bottom inside triangle patternIt has given breakout from a double bottom in daily chart and is retesting the resistance. The height of the double bottom is roughly 5% of CMP, so can expect similar upmove in coming week or two. Guys please opine on the same, it will help improve the knowledge for all. Thanks in advance.
Double bottom inside triangle patternIt has given breakout from a double bottom in daily chart and retesting the resistance. The height of the double bottom is roughly 5% of CMP. So can expect the same amount of upmove in next one or two weeks. Guys please opine on this analysis, it will help improve the knowledge for all. Thanks in advance.
BRITANNIA Swing Opportunity!!NIFTY50 stock BRITANNIA is at Demand Zone.
As we can see, BRITANNIA is taking resistance from a trendline since 12 April 2021. Currently, it is trading near its demand zone at 3423.45. Looking at recent day's deliverable quantity, we can say buyers are taking interest in this zone. RSI is also moving above 40.
We can consider BRITANNIA for a swing trade if it breaks the trendline with high volume.
Buying Range- 3400-3460
Stoploss- 3348 (Below recent swing)
Target- 3760
Risk to Reward- More than 1:2
Duration of trade- Near 1 month
It can also take some resistance near 3550. But I believe it will break that too.
What are your views? Do let me know in the comments.
Take it as an educational purpose. I am not Sebi registered or any Stock market expert.
Always do your own research before taking trades.
Britannia Double bottom Breakout!!Britannia Double bottom neckline breakout and indicators are also giving positive signals.
Stock is trading at lower PE than Industry but very close to Historical PE.
buy the dips in britanniabritannia has broken the neck line of W-pattern with good momentum the near term target could be 3689,3760.
one can go long at current levels and also can buy the dips with the stop of 3520.
Britannia IndsBritannia - Cmp 3439.50
Looks good for long at cmp with sl 3360 on closing basis for initial targets of 3510/3580/3685.
Reason:
1. Bullish divergence
2. Favorable risk reward
3. Good volume
Britannia can be bought at CMP 3425/- with SL of 3385/-Britannia looks like Wave 3 start and can be bought here at CMP 3425/- for higher targets of 3530+
i.e. min 100+ points Target and around 40 points of SL
Britannia - Trend line - BreakoutPositional Trade(4-5 weeks): Britannia Inds has broken out of a falling trend line signaling a trend reversal.
Buy: Britannia Industries
CMP: 3605
Target 1: 3800
Target 2: 3830
Stop Loss: 3500
BRITANIA - BUY BRITANIA BUY ABOVE @ 3450 SL 3400
TARGETS - 3500,3550,3600,3650 ETC.
RISKY CAN BUY BRITANNIA 3500 CE @ ABOVE 54
