BRITANNIA - 1st July 2022Stock hitting Resistance Zone of 3500-3465.
Bears can become active below this Zone and try pushing prices lower
BRITANNIA trade ideas
buy BritanniaBritannia is out performing nifty 500. at current level it looks good for target price of 3700 and 4000. Entry should be done around 3430 and stop will 3350.
BriatanniaBritannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range.
Overall wave structure on hourly chart
Price in buy signal as per RK's mass psychological cloud and stop line
macd in daily uptick
macd in hourly is uptick above zero line, but yet not crossed positive
RSI in hourly is uptick above 50 and near 60
price closed above 20HMA
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BRITANNIA -LONGNSE:BRITANNIA
One Can Go Long , Strong Support of 2 Trendlines !
Sl Can be Below the Trendline
#Britannia cash : Looks good around 3340-3355#Britannia cash for 1-2 days
20.06.2022
Looks good around 3340-3355
Stoploss 3310
Target 3420/3500
cmp 3378.60
Britannia Go LongBritannia stock analysis
Break the trend line and take support
Farm new Higher High and Higher Low
Britania may fall Today there's a formation of rising wedge pattern in britania and hence it may fall , therefore short selling after the breakout can be a good move
LONG SHOOT SETUP HAS BEEN FOUND @BRITANNIAA LONG SWING TRADE TF+1(DAILY), TF(75MIN)
IN DAILY TIME FRAME STOCK HAS Start PICKING SOME Momentum
WITH RISING AO AND MACD Divergence
A BREAKOUT FROM Channel Pattern CAN BE SEEN ALSO
IN 75MIN TIME FRAME
RSI(3PERIOD) IS @OVEROLD
AND Stochastic Oscillator Divergence CAN BE SEEN WITH RISING LEEN
AT ENTRY LEVEL A a morning star candlestick patterns CAN BEE SEEN
Downtrend & Channel BreakoutA breakout has seen in the upper side of both downtrend and parallel channel as shown in the chart.
PS = Trade at your own risk. This is for educational purpose only.
Channel pattern breakdown in BRITANNIA.The Channel pattern seen in today's trading session has given a breakout in BRITANNIA and is likely to go up side 3715+.
Look for Breakout, Minimum 5% Even after good results, it was not able to march north. Now its the right time Keep an eye it may breakout. If you like the idea please give thumps up
BRITANNIA - 20th MAY 2022Stock in Sideways Trend
Taking Support in 3340-3000 Range
Holding this Support Area will help Bulls push Prices Higher towards 4000-3800
BRITANNIA Analysis and Trade SetupBRITANNIA is indicating bounce towards 3487-3578 from around 3300-3258 with exact stop of 3239.
Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
Britannia long call strategyA nice down trend clearly seen and oversold on 8 March then first pull done and sellers sold it. Then breakout happen of channel now wait for some consolidation done on this level we need it to break 3400 and a retest on Low volume and we will BUY THAT RETEST FOR THE TARGET OF 3600-3700 POSITIONAL.
W pattern FormationBritannia
CMP
Target 1/2/3
SL
Formation of W pattern-Double Bottom:- The double bottom price pattern also defines a potential target. After the breakout of the resistance level, the market should gain in value by a distance equal to the distance measured from the first bottom to the top found between the two bottoms (distance X in the example shown above).
The double bottom is a slightly more effective breakout pattern than the double top, reaching its target 78.55% of the time compared to 75.01%.
Britannia - Short term shortWith all raw material costs higher the stock will have some headwinds.
There will be a short term breakdown below 3250. SL 3315. First target could be 3050. (Look for this trade on monday)
Long BritanniaStock Name: #Britannia
Action: Buy
Entry: 3401
SL: 3333.70
Target: 3602.20
NSE:BRITANNIA
Britannia trading near crucial level.Britannia on a weekly and daily time frame has closed between 20 and 200 ema.
A bullish hammer is formed on a weekly time frame and has closed above the resistance levels of 3355.
The market has consolidated near the levels.
Support :- 3350, 3280, 3180
Resistance :- 3400, 3445
If an hourly candle closes above the levels of 3370, a bullish trade can be initiated.
Wait for the price to sustain above the levels and watch for a proper price action.
