BRITANNIA trade ideas
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.
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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
Britannia looking goodAs we have seen early the Britannia has broken its cup and handle pattern.
Also their results are coming this Tuesday hoping for a good results, as packaged food were much in demand during the lockdown
have added the initial support and resistances to lookout during this week.
Go long in BritaniaLevels are on the chart. Maintain strict SL. Buy only if the stock crosses above the latest candle high and sustains for min 30 mins.
head and shoulder pattern in britanniaget ready for a breakout as britannia has completed its head and shoulder pattern on one day timeframe
Britannia : Ting Ting TidingBritannia is showing strong momentum guys as expected. It may challenge its previous high. I have already updated the view few days back which you can check out.
Britannia UpHey There ,
The major resistance level are 3289 or 3290 so it will go 3289 with in 4 to 5 days
BRITANNIA Weekly Analysis 23 May 2020Price respecting FIBO levels.
Seems in uptrend
Strong CRS.
RSI & MACD Rising too.
Can u spot inverse H&S pattern.
Update on my previous Idea of Brittania.Stock faced some resistance on our trend line and then breached it heading towards the fault line.
Now What ?
Fault Line is nothing but a resistance zone.
If the stock faces resistance and selling pressure around this zone, then it will head back towards the blue trend line.
Stock is Bullish above the Fault Line & Bearish below the Blue Trend Line.
Trade carefully.
