Britannia - Stock to buy
Buy only in consonance with other indicators.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
BRITANNIA trade ideas
BRITANNIAHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality.
Here's a short note on trend analysis based on harmonic patterns:
Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points.
Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming.
Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal.
Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade.
Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy.
Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools.
Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style.
In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
Britannia long position By using support and resistance technique, we can understand the chart pattern of Britannia share price. Now it's time to be long with a confirmation candle of bullish pattern.
Britannia Long OpportunityIf price will comes entry point then we can go long or short term investment up to given target.
Trade or Invest at your own risk.
BRITANNIAsimple ORB strategy....i will buy near EOD if the price trade above the blue line..after enter(SL) red line below close candle in D' chart i will come out .....target minimum 12% and above
its just my view educaltional purpose only
Britanina Cmp 4533 Triangle breakdownBritanina Cmp 4533 dated 15-9-2023
1. Ascending Triangle Pattern breakdown @ 4315
Sell below 4515 target 4500-4485-4465-4450
Sl 4555
It is just a view, please trade at your own risk.
Britannia - Positional setupA double-bottom setup is spotted on the charts.
All levels are mentioned on the charts. A small bounce-back is anticipated until the support around 4450 is not broken.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Buy Britannia with SL of 3680 for target of 3970/4100Buy Britannia with SL of 3680 for target of 3970/4100. This stock had given channel breakout and retest also completed plus good number on November Open interest
BRITANNIA SWINGsimple ORB strategy....i will buy near EOD or trigger price line..after enter i will follow the (SL) and (TARGET)
not a call
its just my view educaltional purpose only
BRITANNIA | FORMING BASE NEAR IT'S SUPPORT ZONEBritannia has good support zone at 4485 to 4400 and it is forming a base near this zone. We may see the marked targets with green chart if 4400 remains intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
[Positional] Britannia Cup and Handle Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Britannia 200 rs upmove likelyBritannia
Double bottom breakout
Flat channel breakout
Rsi abv 70
First time rsi closed abv 70 after 70 days
Unwinding from 4600-4700-4800 calls
Positive divergence
Getting ready to check 38.2% retracement
May be 61.8% too
$NSE:BRITANNIA,1D formed Bullish HammerNSE:BRITANNIA Britannia Industries Limited is an Indian multinational FMCG company specialised in food industry, part of the Wadia Group headed by Nusli Wadia. Founded in 1892 and headquartered in Kolkata, it is one of India's oldest existing companies and best known for its biscuit products.
NSE:BRITANNIA , 1D gave closing above Bullish Hammer. The body of today's candle is bigger than previous day body(which means buyer's are interested and volume slightly more than the previous day). It looks like double bottom is in formation.
Entry : 4507.2
Target : 4582/4660
SL : 4420
RR : 0.85/1.75
#Britannia #investmentKey levels to invest in Britannia, Complete explanation & details in chart. Strictly for Study purpose.
Britania Breakdown Short Term TradeThe level around 4938.65 (yellow horizontal line) is an important support area
It has been broken , with high volume
The breakout candle is strong and has negligible wicks
ATR had a sharp rise on breakout , thus confirming it
Area around 4708 (white horizontal line) is the next immediate support
Keep tgt little above that area
and SL above the high of breakout candle
Tgt and SL are marked on the chart
support broken as per my view if weekly close below 4495
moves as per my point of view
not a recommendation
do u r analysis
trend analysis
FAKE BREAKOUT in the stock we are see a fake breakout. after the breakout stock going up and hit sellers' stoploss and the stock straggling to going up
STRUCTURE OF BRITANNIA After making successful series of HH ad HL BRITANNIA can show some fruitful returns
Confluence :
i. Support of trendline
ii. Taking support at 200 ema on daily time frame
After a good accumulation it can show a bullish rally!
