BRITANNIA trade ideas
Britannia - SwingStock has broken its Trendline and looks good to breach the resistance zone.
Buy only if 30min/60 min candle closes above 3720 (resistance zone)
Targets - 3780, 3880 and 4001
Breakout in BritanniaBritannia has given breakout from the descending trend line joining the peaks on the daily chart. This breakout has come after 35 weeks or 8 months of consolidation. The breakout has been accompanied with 25% higher volumes above 10 days average. Simultaneously the breakout has come after confluence of three major moving averages, 18, 50 and 200 days exponential moving averages in a golden cross over.
Immediate target is 4000 and weakness below 3575.
Disclaimer: I'm not a SEBI registered advisor. This is not a recommendation to buy or sell, but for education purpose only.
Britannia breakout..... let's wait for the rally....Britannia breakout..... let's wait for the rally....
BRITANIA Resistance Trendline BreakoutAfter rallying from March-20 bottom to 4000 level, it has retraced to 61.8% retracement level and broke resistance trendline with a retest of that level. now it is headed for 4000 level again. 10% upside possible in the near term.
RSI is above 60
Britannia ready for new highsA beautiful Flag and Pole is clearly visible on the charts and Britannia loves this pattern as we can see from its history. It's a buy at current levels as well as on any dips for 4000-4500-5000++ targets in the medium term.
BullishWeekly charts: Britannia notices
Polarity - Resistance turned support @3317
Breaks upper trendline resistance as well
Daily charts: notices below points
It has broken out above VAH as per volume profile.
Two back to back VSABreakouts in recent past.
RSIStairs about to breakout above its resistance
Stock looks bullish in both weekly & daily TF
Sustaining above 3584 should test 3798 soon
Britannia Weekly channel breakout bet , buy above 3650Britannia Weekly channel breakout bet ,
Buy above 3650 for mega move, otherwise if rejected form channel top, it will move towards down support line
If Breaks 3632 level then go for buy. (31 MARCH)This Trade idea is for 31.03.2021
If Breaks 3632 level then go for buy.
If Breaks 3590 level then go for sell
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle, If trade goes bullish we can see new 52 Week's High.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.
brittaniaits in up trend 1st target 0.618 if its clossed above 0.618 then easy to reached 2nd target
Britannia View for short termHello Traders !
I am expecting good upside move in Britannia . if breaks the falling trendline & give the daily candle close above it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
BRITANNIA FOR LONG,View Negated Below 3300.All the things are Bearish.Given All the Details in Chart.
Contrarian View.
Britania_Harami Canddle day timeHamrami candle at day time frame, and a good consolidation at 15 min looking to breakout upside, as number of corna cases rising, people will go with FMGC sector bullish.
this is for learning purpose only.
Britannia - Monday TradesStock looks good for long in Intraday if breaks Trendline. Wait for 5 minute candle close above TL
buy britannia buy britannia between 3520-3500. after consolidation stock has surpass recent high in 60min chart. it can touch 3520 till it hold 3470
