Britannia Industries - Flag PatternStrong business growth along with penetration in Tier2 & 3 will help to grow.
BRITANNIA trade ideas
Britannia technical analysis Britannia technical analysis price target
price is at support zone,
around @3400,
so if support break then we can expect breakdown other wise price can go upside
#britannia industries share
also if support break with volume then we will wait, for the next analysis
BRITANNIA - FORMS HEAD AND SHOULDERS PATTERN ON DAILY TIME FRAMEWait for the confirmation through break of neckline.
Downward sloping confirmation line (neckline) is a stronger head and shoulders pattern.
Can expect down rally upto channel support line.
Britannia : 8.6% upsideprice moving in a channel. Should reach previous high of 3844 within a month.
bluechip stock available below 200 day Moving Average. excellent opportunity to enter.
CMP: 3534
Target: 3844
SL: 3357
Risk : reward --> 4.86% / 8.6% ---> 1 : 1.7
Britannia looking good target and stop loss are mention in chartstock showing short term reversal and also stock is bullish in weekly and monthly timeframe
Britannia Flag breakoutBritannia has given weekly flag breakout
Close below 3100 leads to weakness and can target till 3800 & 4500
Britannia-Has it made its bottom?Britannia up from the ABCD Bullish harmonic pattern on spread chart. Looks like bottom is made around 3400. It can move towards 4000+. FMCG index at a critical juncture but can prove to be a dark horse.
BRITANNIANote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
BREAKOUT IN BRITANNIABRITANNIA IS SEEN AS A GOOD STOCK FOR SWING TRADING STOCK FOR THE COMING WEEK AS THE STOCK HAS BOUNCED FROM A STRONG SUPPORT AT A HIGHER TIME FRAME AND GIVEN A BREAKOUT ON HOURLY TIME FRAME AND ALSO BOUNCED AFTER RETEST. GREAT TIME TO ENTER AS THE FMCG SECTOR IS SHOWING STRONG UPSIDE.
BRITANIAMY ANALYSIS purely technical based
BRITANIA stock have stong support 30 min range present support 1 is 3485 level and support 2 is 3415 but its buying range is 3522 and stop loss is 3485 my targets is first target is 3687 send one 3687 third one is 3758
plz comment one my view
No tread is also a good tread (for long term)Just wait for a while and watch how it going to act on box most likely to break upper band, but respect to the lower line will open the door for 3800+ with sl of wick of bounce back , 3496 to 3540 will be acting a major resistance so be on the short side near resistance till no clear one-directional rally
Intraday level (Short )
LTP 3436
sl 3447/3475
target 3414/3370
KEEP SL TIGHT NSE:BRITANNIA
LONG IN BRITANIAREFER TO CHART
ENTRY,SL AND TARGETS AS SHOWN.
ENTER AT YOUR OWN RISK AND WITH PROPER RISK MANAGEMENT.
