BRITANNIA trade ideas
Britannia - BullishBritannia CMP - 3552.10
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above ONLY 3555 / Stop Loss 3540
Target 1 - 3565
Target 2 - 3575
Target 3 – 3585 / 3595
Swing Trade Target - 3750 / Stop Loss 3515
Disclaimer: This is my view and for educational purpose only.
BRITANNIA Ready for breakout (expecting)Nice wedge pattern Resistance has been tested much time. Chances are there for a breakout.
Only backtesting all the patterns, posted so that it may be useful for anyone. Just an observation of market
BRITANNIA LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ABOVE 3540
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Britannia (Set for a breakout ?)Britannia has formed a consolidation triangle in a daily TF and is looking set for a breakout, hopefully in the coming week. The lower end of the triangle is also protected / supported by 200 EMA. A breach on either side of the triangle can be traded, however with the sentiments of the markets the upper end looks much more imminent.
Things have started to turn towards the positive side, with many things working in India's favour like Increasing growth forecasts by different brokerage / research houses, companies delivering better than expected numbers for Q2, the expectation of having a vaccine soon has brought the Index to its all time high and things are just looking better. However we need to keep in mind that the markets are going up only on the expectation that things will be better, We need to see that even though the numbers for a lot of companies have improved they are still lagging the previous year on a half yearly basis and might de grow on a yearly basis as well, which clearly shows the valuations getting stretched even further. Volatility is here to stay until things don's look certain.
So trade with caution and never over expose.
BRITTANIA SWING!Brittania taking support at 3400 and shows reversal. chances to get a very short term swing trade are high...
BRITANNIA - Bullish H&S Pattern in making - Intraday/Short Term This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
BRITANNIABritannia is trading in a falling channel this month. The stock retraced 50% of the previous fall. It looks to be ready for another down leg. The stock can go towards 3350-3325 levels. 62% extension of the previous fall comes around 3340. So the stock can be sold for target of 3350 with a stop above 3625.
Britannia (NSE) - Elliott wave analysis - sell set upBritannia - It is within complex correction zigzag WXY. Y wave is in progress and one more low away to end the C wave of Y wave. Wait for bounce of 4th wave upto 3500-3540 zone, where it is good sell set up for target zone below 3360. It is the final wave down so trade with small quantity.
Britannia making Pole flag on Daily graphBritannia making Pole flag on Daily graph, good to accumulate some on current level.
NSE:BRITANNIA
Disclaimer: I am not a SEBI register person please contact your financial advisor for advice.
21.10 - Sell Idea - BritanniaFor today we will look to:
Sell below 3540
T1: 3450
SL: 3570
RR: 1:3
There might be a pullback as well here if it break. So if in profit trail to SL to protect it. Otherwise as usual book half and keep riding
BritaniaStudy purpose.
Short term investment ..
only on confirmation, need to check for the levels to enter.
