Next Move Current Pattern suggests the down side is still intact , it will likely reverse at the forecast made on Chart
its a measured move Calculations
One can trade in FNO with keeping Trail stop for this move down
Good luck
BRITANNIA trade ideas
Britannia Industries Ltd - 04.03.2022Britannia Industries Ltd - 04.03.2022
The stock is trading @ 3371 levels
There is a SUPPORT Zone @ 3300 levels
The prices are below EMA
There is a HAMMER at SUPPORT in Weekly Charts
Let the prices go above 3451
Stochastic is oversold in Monthly Charts
Watch out for the price action
Britannia - Long Setup With Price ActionBritannia has made a strong bullish candle right at the support. Can initiate long position with days low as stop loss. As seen in the charts, previous resistance has been acting as a support.
Britannia IndustriesBritannia Ind. at strong support
one should enter now
For Education purpose only
BRITANNIA LONGBRITANNIA LONG
Good Upmove expected 20% levels.
At Long term support levels (Monthly levels - Red line)
BRITANNIA INDS. BULLISHWow,Britannia Industries trading near its super demand zone.Can consider for swing trade with around 9% ROI and also for short term with around 16.95% ROI.As i always say whatever we do must follow risk reward and money management.Have a profitable trade.
[ INTRADAY ] BRITANNIA LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Britannia industries Britannia industries At good buying levels..but wait from the right entry…
Just observe the levels I am beginner..do your own fundamental analysis
BRITANNIAAll details are on chart.
Disc - Am not a SEBI registered. Please do your own analyses before taking any position. This Post is only for educational purpose.
BRITTANI IND. Double bottom on weekly chartFMCG Sector is showing bullishness after very healthy retracement.
Brittania is a good stock which has taken good support from very important level (marked red zone).
Also formed double bottom on weekly TF, signs of reversal.
And forming trendline on daily TF (green).
Entry Criteria:
Trendline breakout with good volume
above 3800 (double bottom entry)
or near strong support 3350-3420
below 3300 stock will become weak.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking a position.
MAD BULL AHEAD BRITANNIA STAY HEALTHYBRITANIA IS ALL SET TO MOVE AHEAD
LEVEL marked on chart
discussion open
mcpriceaction
FMCG GAINT : BRITANNIAFMCG is slow moving sector. Investment in this sector won't make you go rich but won't make you go begger.
BUY ABOVE 3750
STOPLOSS AT 3450
TARGET FOR 4300
BRITANNIAAll detail for chat. good entry at 3440 above and sustain in day candle. and must stoploss is 3360 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
britannia near supportwatch closely how it behaves on support,if takes support buy if breakdown sell
Britannia at crucial support zoneEveryone stating to buy Britannia without knowing that Britannia actually lost its steam on the weekly. And the falling market is only adding to this stocks overall fall. Britannia is likely to fall further or move sideways until it gains momentum. But this is a prediction none of us can give. However, if it does gain momentum it will likely touch 4000+ points. It is also likely to rebound from the drawn resistance zone.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Psst: You are better off playing cricket in a falling market!
Happy Trading!
Britannia - Looking good for a swing tradeKey highlights:
1. Bounced off daily demand zone in December
2. Change in market structure
3. Overhead resistance from 200MA cluster
4. Inside bar pattern formation
5. Currently sitting at 0.618 Fibonacci level of the last swing
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
BRITANNIA.... SHORT IDEAAfter an upward retracement, the stock has been corrected in a 5 wave pattern. The script is currently in its 4th wave which usually takes a triangle pattern.
We can short it for a minimum gain of 100 points gain.
Happy trading!
BRITANNIA BUYBRITANNIA BUY for day trading if stock and FMCG Sector also strong then we will enter in stock...........
britannia - buy on dipsBuy from cmp to 3600
easy tg - 3660
positional tg - 3700
Disclaimer : This is my personal analysis for study purpose not intended for trading
Long Entry Time with BritanniaThis guy is running in a channel pattern from a very long time. We have let this guy to form the bottom properly and it has retraced well enough now. It's a perfect time to take a long entry with an immediate target of 4150.
Thanks.
Sagar
