Britannia , Doji formation.Britannia range bound trade, formed doji in Parallel Channel. Safe w.r.t Risk :Reward =1:4, Target is 12.3%.
For educational purpose only.
BRITANNIA trade ideas
Britannia - Short - Fib Extn and Parallel ChannelHi Guys,
In this analysis the script was clearly in the downtrend.
2 pattern was clearly evidence the same:
Inverted Flag Pattern and Downtrend Parallel Channel.
So Wait till Script in the price of 3565-3570
Target 1 - 3400
Target 2 - 3290
SL - 3625
Disclaimer: Kindly do your own analysis before executing this trade.
Positional LongIn this falling market, stock is doing good. If Nifty hold support of 14200-250. Britiana can be good pick for this week.
Britannia: Double Bottom ReversalWeekly chart of Britannia shows Double Bottom Reversal Pattern. This is one of the most reliable reversal chart patterns. Pivot is around 3798 and the stock has closed around this break out zone. The stock is expected to trade with positive bias and may challenge its previous high.
On a daily time frame the stocks is quite extended from its 20 EMA. So gradually it can be added around its 20 EMA line. Stop Loss is the close below 200 SMA.
END OF WXYXZ TRIPLE CORRECTION IN BRITANNIA-GET LONGSTOCK HAS FINISHED MASSIVE CORRECTIVE TRIPLE CORRECTIVE PATTERN.LONGS CAN BE INITIATED @ CMP OF 3466 WITH 3360 AS A STOPLOSS WITH TGT OF 3700.& 3780 & 3855
Britannia: Strong Support on Price action line (Time frame-1W)"Britannia - Strong support on the horizontal line and the probability of Triangle pattern breakout"
Chart time frame: 1 Week
Trade type: Short term
Duration: 2-3 months
Entry - 3300
Target 1 - 3800
Target 2 - 3990+
Stoploss - 3200
Risk:Reward - 1:5
Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
W Bottom on BritaniaW Bottom breakout pattern appeared in bratania weekly chart. if breakout sustains price may go higher.
britannia industries for long termbullish ab=cd pattern is in progress2.24 x BC meets with ab=cd completion point but AB=CD completes a little upside
so, potential reversal zone will be 4944-5170
good luck
Britannia is leading towards 4000 let's hope for the target.Very good setup in Britannia. Let's see if it hits the target or not.
Britannia Channel BreakoutThere is a channel breakout in Britannia in weekly chart. Buying opportunity can occur for short term with short targets.
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
