TGT : 3778 (5%)1 - TGT 3778
2 - Near 200 SMA : 3458 ( Add on dips )
3 - Lowest PE among big FMCG of 48
# Bought 50 Shares @ 3549
BRITANNIA trade ideas
Britannia bullish 1DPrice is at support of triangle and the horizontal support is very good in weekly chart also. Positional trade is suitable.
BritanniaBritannia: in crucial support zone. Further breakdown will indicate that the expanding triangle might be still at play.
DESCENDING TRIANGLE PATTERN IN BRITANNIAA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
Chance in BritanniaThe chart indicates a possible support here. A stop-loss around 3380 should be placed and a target of 3600 and 3660 can be seen in the near term as far as stop-loss is saved.
This is for educational and knowledge sharing purpose.
NOT A TRADING ADVICE.
Please comment with your views.
Britannia looks weakAll observations on hart, refer previous idea.
if it breaks down, then we can say this is a distribution phase.
200 EMA is around 2864, can even touch this level as per mean reversion.
on daily already below 200 EMA . New low below 200 EMA on daily can trigger a sharp move.
#BRITANNIA may fall a bit#Britannia looks a little weak below 3449 and may fall to 3436 / 3419 levels
Trading Idea generated by the software
#Futures #StocksToBuy #Nifty50 #NIFTYBANK
#Intraday #stockstowatch #TradingView #frontpage_app
Other stocks we discussed discussed in the video are: #Britannia #Asianpaint & #McDowell_N
Those will come out in separate ideas..
BRITANNIANote: This is for educational purpose only.
BRITANNIA has closed below its daily support line and is looking bearish. SELL ONLY if it sustains below 3427 levels.
BUY BELOW 3427
STOPLOSS - 3481
TARGET 1 - 3387
TARGET 2 - 3330
Intraday long on BritanniaBrit nearly broke its resistance (yellow line).
Having moving support with 50 ema.
Buy intraday +30
breakout in Britannia*disclaimer trade at your own risk, for educational purpose only**
1. Weekly outlook
2. RSI weekly @40 support zone
3. Price action on asymmetrical trend/ triangle breakout
4. Price structure support 3390 range if this breaks 3290 is strong support (hope this will not even test again)
5. Target T1- 3680, T2 - 3760, T3- 3900/ATH
6. 3400-3450 range good for entry with an SL of 3270 - 3300 range as SL
Could take a couple of weeks, have some patience!
Thank you!
Some breakouts happen when nobody is watching.Good for a Swing trade.
This stock has been in a consolidation phase since very very long time. Expect it to break on either side of the triangle.
But I'm more positive on the upside as the price is hovering around the 200 EMA.
It's sitting perfectly on the lower base of the triangle. One can initiate a buy now as the risk to reward will be very suitable. One can increase the quantity if there's a breakout on the upside.
Upside targets are as given in the pic: @6.5 %, 9.35% & 15%
SL : Below the triangle.
PS- If things go south, close the position & go short.
Britannia looking weak. Need to wait for confirmationBritannia seems like broke down after forming a symmetrical triangle. Breakdown confirmation will be done after 15mins candle closes below 3380. Important levels mentioned on chart.
Long on Britannia Today Britannia has hit it's support level which is 3418 and RSI 30 you can expect reversal from here towards 3711
BRITANNIA FORMING A BULLISH PENNANT Hello Fellow Traders, BRITANNIA forming a bullish pennant on weekly chart i can see that Britannia might give fake breakdown before it go up. i have market the level from where we can take a long trade for less risk.
let me know what do you think regarding my analysis on BRITANNIA ?
A small target to acheive .in britannia by short selling1.multiple price rejections at higher levels
2.if the market is bearish tomorrow target of 1.5% can be acheived
3. if it breaks the blue horizontal line and trendline both
4. no support till 1.5%
Totally educational, relatively new into the field, Dont trade based on this without your own research
Suggestions are highly appreciated . Thank you!
Buy BritanniaBuy Britania Stoploss 3480 Target 3600
Study: Upward Channel Support + Previous Breakout Support at 3530
BRITANNIA - BULLISH FLAG PATTERNTo be watch on Monday : Strong result announced on Friday,
Hope for the breakout with Big Volume !
