BRITANNIA trade ideas
SHORT if it gives you any opportunity.check if it retests the trendline, then that'd be a great shorting position, because for positional traders, it has given a breakout, and wait for the correction, if it breaks the red line @3911.70 and initiate your short somewhere around @3956 with targets to be @3911
Britannia - Intraday Trading SetupSmart money distributed before starting downtrend.
They will exit their position by buying when price comes into buy zone.
Note - avoid before 9:30am and after 2:30pm due to high volatility
BRITANNIA - WEEKLY CHART VIEW!!#BRITANNIA Industries Ltd.
Since past six trading sessions price consolidating with in 300 points on higher side of the current up trend where 3700 is support and 4010 is resistance.
Price should break this mentioned support & resistance zone to unfold fresh momentum based clarity on short term direction.
BRITANNIA LONG CALL // FIBONACCICall for Tuesday July 6th June 2020 // This is a swing trade call and not an intra-day trade //
NSE: BRITANNIA INDS
CMP: 3623
BUY: @3650 (Max)
TARGET: Min 4200-4500+ (15%-20%) around - Trail the SL once this target is achieved. Suggested Exit is on 15%
STOP LOSS: 3300 (10% Max) around
DURATION: In 12-15 Trading Sessions Target should be achieved
Disclosure: I may or may not have a position in this trade.
SWING TRADE... TARGET 3950THE STOCK IS MAKING AN INVERTED HEAD AND SHOULDER PATTERN. (1 HR TIME FRAME)
AND THE LONG WICKS IN 1 DAY TIME FRAME INDICATE BUYER PRESSURE.
THERE IS ALSO BULLISH ENGULF HAPPENING
P.S
NEW SWING TRADER.
#Britannia cash : Strong upside only once Close above 3850#Britannia cash
16.08.2020
Strong upside only once close above 3850
Strong support 3740-3750
cmp 3805
Britannia Bullish above 3900 closing basisCup and Handle breakout can be seen at 1hr TF
Stock having strong support of 200Day EMA but no confirmation yet ot trade upside potential of more than 200 to 300 points from the breakout levels
BRITANNIA ANALYSISThe stock has moved to all time highs. I think there will be a lot of resistance at the high point and it will retrace towards the long term resistance marked on the chart.
It is in a strong bull run and will provide a good buying opportunity in the coming few days.
Buy @ 3650
SL @ 3400
Trailing stop loss strategy.
#Britannia cash : Looks weak below 3910#Britannia cash
08.10.2020
Looks weak below 3910
and rise 3925-3930
Stoploss 3950
Target 3872/3842
Cmp 3942.5
Britannia LongBritannia has taken strong support at 3780 and moving upwards.
Buy at 3950
Stop Loss at 3825
Target 1 - 4020
Target 2 - 4090
BRITANNIA#BRITANNIA looks to have taken support around 3850 & now ready to go towards 4150. A break above 4000 likely to add momentum to the stock. So it can be bought @ cmp 3930 for targets of 4000 & 4150 with a stop below 3850 on closing basis.
