The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near swing high. This is a high risk trade as the market is in a overall bearish sentiment. Plan Trades Accordingly.
1. RSI seems positive 2. edge of triangle 3. FMCG index is bullish 4. taken support fib level 0.382
BRITANNIA Trading below Monthly VWAP, 20 SMA and low volumes in descending triangle. If breaks 4000 and sustains, next immediate target will be 3909. Please add to watchlist and trade carefully - watch market trend.
given breakout from weekly triangle daily time frame made pole and flag pattern daily time frame taken support from 40RSI entry could be taken from bottom of wedge with small sl
Buy Britannia Target 🎯 4500 because it's recently given breakout.
We can see Britannia trading between these support and resistance creating a triangle pattern and a resistance at shorter term also. We just saw it retracing back from that resistance.
We had a complet Up trend in the British Pound it is excelent to Buy it probably will reach this three levels But the buyers still in the bed... We'll wait for the morning if it still going up then there is a chance. The market gave us one sign this price is the lowest price we had for today. Let's see if there is any updates for tomorrow.
Britannia is on good support & looking bullish if sustain on closing basis above 3445 then will be Good for Positional Trade Target will be 3600 -3700 - 3800
Britannia trading in downward channel if its gives breakout from it we can buy it above price of 3460 for target of 3510 and 3550 with stop loss of previous swing low 3410 on hourly closing basis.
A perfect pole & flag pattern is visible in Britannia, hoping for a breakout here, keep an eye. Simple price action , no jazz!
HERE WE CAN SEE THE BRITANNIA CHART AT 1 DAY TF WE CAN CLEARLY SEE THE BREAKOUTS OF MULTIPE PATTERN AT SINGLE MOVEMENT LETS SEE HOW IT GOES BUT VUT IF VOLUME IS SUPPORTIVE WE WILL ENTRE
Britannia saw a good move from 3370 levels, moved above its recent high around 3555, and then taking support at it by moving in a range from the past 5 trading sessions. Now considering the recent price action, it looks like if it sustains 3500 levels, it could move towards 3800 very fast. This is my personal view on the stock, please feel free to comment what's...
Sl- 3250 #CLEANANDCLEARCHARTS WHY does consumption sector stocks like ITC, BRITANNIA, NESTLE does not participate in this whole rally of nifty? EVEN these were the few sectors which were used throughout the lockdown and then also it didn't give breakout or 100-200% return. BECAUSE at that time everyone knew that consumption sector is never going to be in bear...
NSE:BRITANNIA The stock has fallen 10% from it's 52 week. The trend line acts as a strong support and resistance respectively. *Trade Confirmations* :- The monthly central pivot range is narrow indicating a trending month. :- Descending triangles have good success rates. :- Consolidation near the trend line. *Trade Setup* :- T1 - 3550 :- T2 - 3800 :- SL -...
BUY AT CMP ADD MORE IF CORRECTION COMES AT 3554 TARGET: 3710
Britannia above 3500 looking Bullish will touch 3550-3600
BUY POSITIONAL BRITANNIA RS. 3430 WITH SL 3400 (CLOSING BELOW IN 1 HR CANDLE) FOR TGT 3500 AND 3650