Britannia : A little patience is needed (Bulls)NSE:BRITANNIA
1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.
BRITANNIA trade ideas
Britannia- C&H Pattern + BullishBritannia has consolidated for couple of months and given a green signal to go ahead and buy. During Last one week though Nifty was down by almost 500 points, this stock stood steadily like a rock and waited for an up-move. Time is ripe to buy during a corrected market probably tomorrow.-)
long tradegoing long keeping stop 3730
target levels to watch - 3795, 3830, 3875
disclaimer - for study purpose only
Britannia traps the BEARS !Britannia has formed a beautiful bear trap and gives a perfect entry opportunity on above average volume taking support from the base of its triangle pattern.
Target can be taken as the height of the triangle.
Stop loss below the bear candle
Psychology behind the bear trap:On the break of the support, many people would short the market in hopes of it falling lower but as buying pressure took control, all these sellers are trapped on the bull side and have to cover their loss and additional buying will contribute to the upward push of price
Breakdown in BritanniaThis post is only for educational purpose. Kindly do your own analysis before taking any trade.
Britannia started making lower low i.e. Change in Market Structure.
It gave a breakdown and retested the resistance.
Aggressive trader can short below 3675 and conservative trader can short below 3600.
Stoploss: 3730
Tarrget: 3414
britannialooks good above 3600 , if holds 3600 . can expect 4000 in few upcoming months . major hurdle is placed at 3725. above 3725 could expect firework
#Britannia cash : Looks good above 3706.10#Britannia cash -Positional call
23.08.2022
Looks good above 3706.10
Stoploss 3675
Target 3734/3760/3800
Cmp 3678.70
Britannia analysisPaper trade baccho :-)
Negative divergence detected.
Entry only after 3830 was taken out & sustained.
PCH will be SL.
The patience game is on.
BRITANNIA : INTRADAY TRADE NSE:BRITANNIA
Britannia looking good above 3882
@Forming a flag pattern after a pole spike up movement, with horizontal resistance.
@ Good momentum is expected on breakout.
@ Try to capture at least 1% move as this setup is on 15 min time frame.
Always trade with stoploss
Keep learning ,Happy trading.
BRITANNIA - LONG - 2.5 to 4% upside potentialBRITANNIA has given cup n handle breakout at 3870 level. We can expect a potential target of 3975+ and 4020+ levels (positional view)
BRITANNIA INDS - BULLISH PATTERNBRITANNIA INDS seems Triangle pattern , keep concentrate for the breakout. if price open close above the trend line in 15min time frame get confirmation. Refer upcoming target.
BRITANNIA - Bears Counter attackBRITANNIA - Bears Counter attack, potential trend down till 3625 levels as long as it trades below 3880 on closing basis.
#Britannia cash : Looks good sell below 3636 SL 3670#Britannia cash -Positional call
05.07.2022
Looks good sell below 3636
Stoploss 3670
Target 3572/3524
Cmp 3660.05
Britania Buy above 3790It has created a inverse Head & Shoulder pattern and breakout and restested the level and the level is also Fib 0.236% level.
Stoploss 3690
target 4015
Risk:Reward 1:2
This is for educational purpose. Please follow your own analysis.
BRITANNIA - 13th July 2022Stock hitting Resistance 3850 - 3700.
Expect weak price action below these levels.
Bears can dominate in pushing prices lower from here
Britannia you should sell or not ?NSE: BRITANNIA
If Breaks Then The Targets could be Taken at 3439
Time Frame :- 1 Day
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
BRITANNIA WEEKLY CHARTBritannia is looking good on weekly chart breaking down trendline resistance and giving positive signals on rsi divergence too
Cause of long
1- Downtrend resistance line breakout
2- Rsi breakout
Breakout in BRITANNIABreakout in BRITANNIA
Entry: CMP
Target: 4050
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
