Britannia Industries Ltd - 08.12.2021 The stock is trading @ 3575 levels There is a RSI Bullish Divergence in Daily Chart The prices are above ema Let the prices go above 3605 watch out for the price action
1. moved with bulish pattern with high volume 2. trending above demand zone trendline 3. RSI is strong
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.
Britannia 3930 / 4013 by 23rd / 26th Aug. Britannia clearly showing an uptrend in the short term
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