Reversal from 20 ema in weekly charts.. Except 10% upmove in short-term. Fundamentally great stock... Can enter chocolate market in near future
*swing buy area *trend is down *good RR trade positional trade
📊 Pattern: Rising Channel 📌 Symbol/Asset: Britannia Industries 🔍 Description: FMCG Defensive stock available on Strong Support 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BRITANNIA Buy above 4707 SL below 4210 Targets: 4848/4980/5111/5299/5538/6229 Ascending channel Pattern Expected RSI trendline BO For Educational purpose only
On the chart we can see a rising channel. Our strategy to trade is entering the short once the price breaks down the support line. Approximate target is shown on the chart. RSI printed bearish divergences which is also a point for bears here Invalidation of this thesis would be if after the successful breakdown the price comes back inside the channel.
Britannia is close to its 12 month support. Provided it holds, there is a good potential for up-move. Risk to reward (1:4.5) is great.
Britannia seems to have convincingly broken the support and trend line. There seems to be another support around 4280. I am going to hold my BUY positions, in hope of early reversal and add more once there are signs of reversal around the support. Disclaimer this is my personal view for education purpose only.
Stock take Trendline support many times. 4600 is a Major support for a uptrend if trend line Breakdown stock price like a falling knife so plz wait And watch tommorow level is very important. Disclaimer this is my personal view for education purpose only.
Stock support always a trendline Trend is Bullish Wait for long position for 4600. Disclaimer this is my personal view for education purpose only.
After Up channel, price is moving to upside with strong consolidation...its the sign of end of uptrend. after strong fall from this level price again tries to move upside... again selling pressure is seen from the same levels... today price is broken the trendline....if tomorrow it may retest and fall again up to 5000 level. until price breaks the support @5000...
Britannia all set for 3855 by next month. breaking this level and closing above it on daily basis, will give a 10-15% upmove
NSE:BRITANNIA LIFE TIME BO!!! One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for...
Everything is clearly mentioned in the chart. 11/6/2023 For Learning Purpose
Price Trading near Multiyear Resistance ...High probability we will see some downside
- Cup and Handle Formation - Price retested its previous BO level (4155) #BRITANIA #BREAKOUTSTOCKS
IT is forming cup with handle on daily time frame its consolidating breakout or breakdown will be strong.
Buy Britannia (NSE:BRITANNIA) Buy Range- 4260 - 4300 Target- 4450 - 4500 StopLoss- below 4200 Potential Return- 4-5% Approx trade duration 12 - 14 days
in BRITANNIA we will take a long and short trade this content is made for learning and educational purposes only