BRITANNIA trade ideas
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.
How to Calculate the Probability of a setup ?How to Calculate the Probability of a setup?
If a chart is showing 2 or more patterns favoring a view then we can say it is a high probability setup. More the signals in 1 direction, More the conviction to go long or short on the trade.
Britannia has been in a 100 points range, building momentum for a while.
Stock is ready to give a breakout on the downside.
It has filled all the space that it could in a somewhat descending triangle pattern.
The stock has to travel to the lower channel next.
The Black Trend Line which is aligned with the 200 EMA will act as a support and let the stock breathe for a moment before heading down again.
Once the trade is active our Stop Loss will be the upper channel (Red Line) & the target will be the lower channel (In profit booking phases).
Till then,
Stay Safe & Trade Safely.
Attempt to breakdown a long hailing trendBritannia is attempting to break down on the hourly chart pattern.
Since Nifty has formed all time low - Britannia is moving upwards
Once the stock breaks below 2800 levels, the stock is expected to drop till 2720 which would be the first target.
breaking 2800 means the candle should close below 2800 on a minimum of 15 Minutes time frame
**Please do not trade based on my recommendations. The above views are only for educational purposes.
BRITANNIA Trading SetupAll charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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.
~
(Intraday) Short ! Britannia with shooting Star
1. Shooting Star Formation on Daily Chart.
2. Recently , At the price of 3278 Double TOP Formation maid by the daily chart.
3. It has close the price 78.6% Retracement Level from the Double Top Level.
4. On Drawing AB=CD Pattern with 78.6% Retracement Level.
5. Assuming D Point Formation at 1.27 level Price comes at 2819.
6. Sell below 3110 Target: 3083, 3029, SL: 3163
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Britannia is entering supply zoneAs we can clearly see Britannia is entering a supply zone. one can look for shorting opportunity if there is any bearish signal go short.
Love this setup post earningsThis time its going much higher, breaking past the resistance above. Trail SLs as it goes
