Britannia Industries - Bearish Setup - Price ActionPrice Action in Britannia is signalling Bearishness.
Initiate Sell.
Target 1 : 3305
Target 2 : 3290
Stop Loss : 3505
BRITANNIA trade ideas
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!
Waiting to Buy Britannia at 3455Britannia is in uptrend channel and trapped between Fibo levels of 3460-3555
Now as per buyers perspective, I want to buy it at below 3460 with SL 3434
A breakout can be seen if trades above 3540 with target upto 3645, SL 3508
In case it fails to break 3540 then a short sell can be done below 3520 (let it trade for some time), SL 3548
Target at 3435, a continuous trade below 3435 will also lead to 3332
BRITANNIA GOING UP.....CONDITIONAL BUY ..!THIS ANALYSIS OF BRITANNIA IS FOR NEXT 10-15 TRADING SESSIONS .EVERYTHING IS CLEAR ON THE CHART .
BRITANNIA HAS SUPPORT AT PRICE 3275-3310 LEVELS.
CONDITIONAL BUY IS ONLY AND ONLY ABOVE 3445 .
FOR THE TARGETS OF (!) 3520 , (!!) 3555.
YOU CAN KEEP SL AT 3375-3340 LEVELS . KEEP IT FLEXIBLE .
CMP 3429
NOTE: PRICE MAY COME DOWN TO 3375-3340 LEVELS BEFORE GOING UP
BUY ONLY ABOVE MENTIONED LEVELS WHEN COMES AGAIN .
DRAWING ANALYSIS.
PITCHFORK DRAWN. PRICE HAS A RESISTANCE NEAR PITCHFORK (.50) UPPER LINE (SEE NO.(1), (3) )
IT IS TAKING SUPPORT NEAR PITCHFORK (.25) LOWER LINE (SEE NO(2) , S point )
WE CAN ALSO SEE THE ELLIOTT IMPULSE WAVE FORMING .(1) (2 ) ( 3) ( 4) (5?)
DISCLAIMER
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any financial instruments.
The content of the idea and the interpretation of data are solely my personal views.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
THANK YOU ,
PINANK SHAH
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SHORT BRITANNIASHORT NSE:BRITANNIA below 3440
SL 3455
TARGETS 3420/3400
Britannia given a long channel breakdown and retesting also done.
BRITANNIANAMASTE,
TIME FRAME: DAILY
BRITANNIA SEEMS TO BE TESTING ITS SUPPORT,
MOST PROBABLY WILL BREAK DOWN ON DAILY TIME FRAME.
ONE CAN LOOK FOR SHORT POISITIONS.
NEGATIVE CROSSOVER IN MACD
Map of INDIA.Stock has completed a map of India.
Keep it on the radar as we could see a bounce from the resistance turned support.
It could go up to 3518 and more.
Want to make money along with me?
-Click on the follow button.
BRITANNIA Inside Bar BreakoutBritannia formed doji candle on daily time frame and contracted within previous day's candle.
The high/low can be traded with a conservative target at the mother bar's high/low range.
Long above 3407
TGT: 3442
Short below 3344
TGT: 3306
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Britannia cash : Looks good once above 3400.10BRITANNIA CASH
15.06.2020
ONE CAN BUY ABOVE 3400.10
STOPLOSS 3350
TGT 3440-3450/3540/3650
(SUPER BULLISH & SAFE ONCE CLOSE ABOVE 3450)
BRITANNIA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BRITANNIA SHORT ON 04-06-20201. At around 52 week high, profit booking with volume.
2. Short build up in F&O data. double confirms.
