BRITANNIA trade ideas
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.
BRITANNIA INDUSTRIES Analysis Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Britannia : Stock is showing great resilience. As long as 2865 is not breached the view remains bullish. We can expect 3500-3550 levels on the upside
SELL ACTIVERSI TRADE NEAR 79 ALSO CHART MAKES SPINING TOP ( 02/-62020) SO ONCE WE HOLD SELL POSITION CMP 3622 SL TODAYS HIGH ( 3740 )
BRITANNIA INDSBritannia's 52 week high is near 3600 levels but it might be worth entering near 3350 levels, above 3600 it could be a medium-long term hold.
Time to get back into the range. DOJI suggesting reversal. Swing trade. RSI in overbought. 1 hr timeframe shows price is rising but RSI is not moving up.
Wait for 20 EMA to turn down and then first target should be 3200.
BRITANIATake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
~
Britannia LongBritannia forms a Inverted Head and Shoulder pattern.Can take long positions for at least 200 points.
Also Nifty FMCG is bullish ,Why ?
1. Nestle broken important resistance of 16875
2. DABUR despite bad results,rallied it by 5%
Risky Breakout
Breakout isn't confirmed yet as closing is still below the Resistance marked
HENCE THIS IS A RISKY BET
I will post once we have a confirmation
Britannia Britannia broke Resistance @ 3260 and moved swiftly to 3400 and closed below Resistance level of 3395. Considering current scenario if will be hard to brake 3395. If it is able to hold 3393 it will gain 60 points before starting downward journey. If it is not able to hold 3395 britannia can be a perfect short for target of 3100
