Dear Traders,
This scrip has been choosen for short Term pick as it had given Trendline/Channel Breakout. So traders keep this scrip on your radar to catch the Momentum. Thanks to All 🙏🙏🙏
Stock has highest ever numbers in sales & profits. Recently it has successfully completed CWH pattern result.
Currently stock is available below 200 SMA and trying to get support. Pivot Fibonacci resistance, which is a monthly weighted average price, can be a short term target.
After good consolidation stocks has given bo if sustained and take support on resistance line good for long
only for educational purpose
not for recommdations
Reason for long
a) Consolidation breakout
b) Breakout pull back set up
c) weekly and monthly breakout
d) index support
e) SL compulsory
f) Good risk reward zone
Have Britannia added in your watchlist. It may provide (1:4 risk-reward) positional trade in the upcoming days.
Entry price, SL and target will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational...
- Identifying a potential bullish momentum in Britannia Industries with key indicators signaling positive trends:
1) Sideways Breakout:
Over the last 3 months, Britannia has broken out of a sideways trend, indicating a potential shift in momentum.
2) RSI Caution:
While the Relative Strength Index (RSI) is around 65, suggesting strength, caution is advised as...
FWB:NSE : BRITANNIA looks weaker by observations, A minor pullback may be observed however less feasibility to be sustained. The last lower point is already taken out
Marked are the waves of Britannia Limited. It has completed 1 to 5 upwards waves and counter waves AB&C but stuck up within two horizontal lines. Support is marked by green and resistance by red. Buy only when it crosses resistance of 4633.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will...
BUY BRITANNIA PRICE @ CMP 4529.00 16% ROI EXPECTED
Buy1 cmp entry @4529.00
Target 1 @ 5270.35
ROI 1 @ 16%
Buy2 Pending entry @ 3949.35
Target 2 @ 5270.35
ROI 2 @ 33%
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Britannia has been consolidating for the past three months and has now broken on the downside.
Results today. Better to wait for an hour to get its reaction and then enter trade.
Stop loss - 4650
target - 4100
Disclaimer: I may or may not enter depending on market and stock circumtances.
Britannia seems to have formed a double TOP with negative diversion on RSI (weekly )
1. Daily Price is below 20 SMA
2. can be a good Short trade with SL above 5050 for a swing target of 4650 - 4530
3. Harmonic Pattern with PRZ on 5037 levels
I am not an expert I just share interesting charts here. Please seek expert opinion before investing or trading because...
Superb Accumulation on very Low Volume.
DTF price is now traveling above 20-50 MA
A very good positive sign.
Some levels are marked watch them carefully.
Very good for Long.
