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BRITANNIA INDUSTRIES LTDBRITANNIA INDUSTRIES LTDBRITANNIA INDUSTRIES LTD

BRITANNIA INDUSTRIES LTD

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BRITANNIA trade ideas

This Breakout can grow your portfolio's valueBritannia Industries Ltd is showing a good buy for all the MEDIUM TERM & LONG TERM INVESTORS because Britannia is showing a FLAG Position in its weekly charts. The stock just crossed the Higher High's trend line which is an signal that the stock had changed the on going trend and speeded the candle more bullishly. As it is a weekly chart, my experience says that the medium term buyers can come forward into the markets for good buy position and as per DMI Indicator (It happened). Many Medium term players entered the bullish Train for gaining good amount of Profits. Now lets directly to my Analysis. Britannia Industries CMP - 3895.95 Targets for this Idea will be for Medium term Investors (If you are not a medium term investor or a medium term trader) estimate this stock as per you analysis. Targets - 5375.05 Stop loss (Every other thing in the Markets are not in your control, but the risk is calculated and always controllable and I think the most important for any Technical Analyst is RISK MANAGEMENT) Stop loss for this Trade - 3800 / 3790 / 3750 The Stock is Bullish and can give you a good returns in Future All the best!
NSE:BRITANNIALong
by yashdoshi209
BRITANNIA INDS For Long Or ShortWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels.
NSE:BRITANNIALong
by Rvkachhadiya
[POSITIONAL] BRITANNIA LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** 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. ======= 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. ======= 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 ********
NSE:BRITANNIALong
by Palkesh_Agrawal
Britannia potential break outNSE:BRITANNIA Hello all! Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline. Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an opportunity for going long. As I am more comfortable with swing reversals, I would have taken a long position if it would have touched the bottom trendline. But if the stock breaks out, a fresh long position can be created after the retest of the trendline. The Risk to Reward ratio will also be decent. If the stock instead fails and drops again, we can wait till it hits the bottom of the lower trendline of the channel and then create a long position after spotting signs of reversal. The SL will also be minimal. What's your take on this? HAPPY TRADING!!! NOT A CALL
NSE:BRITANNIALong
by Traders_Town
Swing Trade: BRITANNIA is ready to go up due to short coveringI hope everything is well explained in the chart itself. BRITANNIA INDS is forming a "W" pattern in daily timeframe. Market View: Bullish Buy Zone: (3590-3630) Target 1: 3700 -3709 Risk: reward = 1:3 PS: Since 3700 is a psychological level so before crossing 3700 price may fluctuate more than usual. So be careful with trailing stop loss. Target 2: 3850 Risk Reward: 1:7 from initial buy zone, 1:3 from target 1 as buy zone PS: Need to be hold more than 1 week to achieve this target. Stoploss: 3555 Reasons to go bullish in this stock. Timeframe: Daily - Awesome Oscillator (AO) showing bullish crossover. - Close price is trading above: 21 EMA, 50 EMA - RSI is above 60 - Close price is above R1 in pivots points
NSE:BRITANNIALong
by IronManFromFurture
BRITANNIA triangle converging.BRITANNIA has been narrowing its movement range between two converging lines and the formation is resembling a triangle pattern. Right now it seems to be facing rejection from the upper line of the pattern. One could go short with the following levels in mind: SHORT BELOW: 3575 STOP LOSS: 3645 TARGET 1: 3505 TARGET 2: 3435 _______________________________________________________________________________________________________________________________________________________ Manage your risk and trade your plan. :)
NSE:BRITANNIAShort
by Tradeception_