Britannia upwards. Buy for a good profits of 100-150 at CMP.Intraday call has hit the target now target the positional call.
Entry: 3840-3850
Target: 3950-3990
SL: 3790
BRITANNIA trade ideas
Britannia #FMCG, Short below 3800Hello Traders,
Short Britannia below 3800 if it breaks 3800 comfortably for targets of 3570, and 3390 in near short term.
#FMCG
Britannia Industries Ltd. - WEEKLY CHART!!Britannia Industries Ltd. Technically say the price consolidating on the higher side of the present short term up trend since past three week . Candlestick pattern wise its nearly looks like a Bearish HARAMI .3735 (5MA) should consider as immediate support, weakness below may witness fresh negative move on the down side . 3870 - 3940 - 4000- 4010 are important hurdle on the up side of the stock.
Britannia , xxDDBritannia is currently in the uptrend only , given weekly breakout recently , Remember not to be shorted as target remains 4130/ 4500 positionally.
TIP - MAKE YOUR CHART SHORT AND CRISP TO UNDERSTAND TO TRADE !!! :) Complex charting is always done to show off the knowledge !
Happy trading !
BRITANNIA below 3150 This is my question to all the experts here..
I don't think I have that much experience to share analysis..
can we expect a good fall below 3150 ?
Britannia : FMCG Party Over ?Britannia has given nearly 100% return from March lows and currently is trading in weekly resistance zone of 3400 - 3800 levels.
Friday closing isn't looking good, any close below 3400 lvls would mean the rally is over at least for Britannia.
MACD is also not really looking good as well, it is consolidating sideways while the price has been rising.
Watchout FMCG sector -- the party seems to be over !!
Resistance aheadImmediate resistance ahead at 4200.Once it crosses 4200 conclusively, fresh break out is possible to be seen
britannia , 10*****? on the weekly charts its a spinning top , will be slightly profit booking from now ownwards don't expect much upside from here . likely to retest breakout from here .
Support zone 3500-3550
Happy trading :)
Book profit for BritanniaRSI is coming down from overbought region.It should consolidate upto the support line.
Another powerful SETUP for you guys! I hope it turns out in our favor and we enjoy it. Cheers! The chart is very much self explanatory.
Thank you.
BRITANNIA - Bearish viewNote: This is for educational purpose only.
As per the comments on chart, there seems to be a bearish bias in BRITANNIA. Morever, there is a bearish cloud cover pattern with huge volume. Hence, conviction is more on bearish side.
Britannia Industries - Bearish Setup - Price ActionPrice Action in Britannia is signalling Bearishness.
Initiate Sell.
Target 1 : 3305
Target 2 : 3290
Stop Loss : 3505
Long BritanniaOption chain analysis and cup and handle suggesting long.
3600CE seller exited (BULLISH)
3500PE, 3600PE seller addition (BULLISH)
BRITANNIA INDUSTRIES - CUP AND HANDLE FORMATION (BULLISH SETUP)NSE:BRITANNIA
Clear Bullish Setup - Cup and Handle Formation
Also the resisitance level around 3600 levels has been tested multiple times and hence became weak which leaves a high probability of a good bullish breakout in next few trading sessions.
My view: Long (for short term view) on breakout supported by good volumes.
PS: Trade with caution or wait for some more price action.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
