BRITANNIA trade ideas
BRITANNIA INVESTMENT IDEABRITANNIA IS IN A CHANNEL FROM L0NG TIME AND WAS MADE A FLAG PATTERN IN THE CHANNEL AND NOW GIVEN A CLEAR BREAKOUT FROM THIS FLAG IN UPSIDE , POSITIVELY IT WILL BE A GOOD INVESTMENT IDEA FOR NEXT 6 MONTHS.
THIS IS FOR EDUCATION PURPOSE PLEASE TRADE ACCORDING TO YOUR OWN ANALYSIS.
BRITANNIA levels for 05-Mar-2020(Intraday)Britannia closed near Imp Fib resistance level, with respect to major trend line , Alligator provide buy signal but breakout of 3080 can be opportunity.
Above 3080 for 3100,3130,3180
Below 3025 for 3005,29702925
Critical zone - 3025-3080(sideways)
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BRITANNIA near Trend line supportIt's near to Trend Line support with SL 2887 we can buy between 2890-2897 for Target 2900++
Please watch Market way before entering
UPDATE BRITANNIAPrice went down even after a gap up today. (as opposed to what was expected)
But the price has respected the previous resistance line and the 20 ema.
In addition, lower lows has formed in chart BUT higher lows has formed in macd - signs of a weaking downtrend.
BUY it if you haven't already
BRITANNIA INDUSTRIES LTDBRITANNIA INDUSTRIES LTD may take support between 3101-3119 and may hit tgt 3400
LONG OPPURTUNITYLook to buy at the support level.
Good down movement and short sellers will look to profit from it so look to go long at the area.
Put stop loss 0.5-1% below support.
britannia near bottom of bullish pennantbritannia facing selling pressure 3300 - 3325 zone(supply zone). fresh short builtup, and three negative candles with long wicks indicates below 3235 it may see 3190 then 3155 in near short term
LONG LONG @BRITANNIA Now is a very good time to go long if you haven't already.
I have talked about Target and Stoploss earlier. Check that out.
