head and shoulder pattern in britanniaget ready for a breakout as britannia has completed its head and shoulder pattern on one day timeframe
BRITANNIA trade ideas
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.
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(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
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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Honestly, I never liked their cookies anyway.Short in the morning kind of a stock.
SL - EMA/3008
Target - 2920 & Trail.
Britannia Looks wea below 2910Looks Weak Below 2910 if closes below it can go all the way up till 2650 and if it
sustains the level of 3070 can go up till 3200.
The ideation is based on a no trade zone theory which surely you can ask me once the desired targets are achieved.
(Intraday) Short! Britannia with Harmonics
1. As mentioned in my previous study Britannia broke Descending Triangle Pattern.
2. Recently, Price also broke the Monthly support level of 3026. Fallen to 2920 (Another Monthly Support level).
3. Today on 6/5/20 Price retrace the level of 61.8% to continue the further fall to 1.27 Level
4. Sell Below 2972 Target :2961, 2949, 2938 , 2921 , 2897 , 2873 Stop Loss: 2990
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Britannia Elliott wave analysisHi,
I Am in the initial phases of learning elliott wave techniques
Below is the view for the current stock
Long term - the stock is currently in the 5th wave
Medium Term - the stock is in the third wave
Short term - the stock is currently in the 4th sub-wave of the larger 3rd wave
Would shortly commence with the 5th wave from the current levels
Buy levels are between 3145 and 3099
SL would be the high of sub-wave 1 (3000 +- 10 Pts)
Immediate target would be 3430
Please do share your views on the analysis in the comments.
* This is just for educational purposed. Please do not trade on my views.
Short! Descending Triangle Pattern on Britannia
Hi,
1. Descending Triangle Pattern on Britannia on 30 Minutes Chart.
2. Sell Below 3156 Target 3110 , 3088 , 3048 SL:3167
