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
BRITANNIA | BULL FLAGBritannia has broken out above previous ATH warranting attention. In addition to this the stock has witnessed a breakout from a Bull Flag a continuation pattern. This opens up a opportunity for a Buy trade in Britannia with a Buy at Rs 3702 with stop at Rs 3591 for a target of Rs 3870.
GBPCHF, Local Sell trade...The global trend is bearish, that's why I look for sell possibilities near the local levels.
This is one of them.
If the price will make a pullback it will sell trade.
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Britannia on its fourth attempt to break the hurdleBritannia gave us a buy signal at 2865 then made a high of 3288 and then retraced back to 2865 took a support at the earlier resistance of 2865,Now it is again giving an attempt to cross 3196 for the fourth time.Let's wait and see the candle formation near this big hurdle and then we will decide the futher course of action.But keep on radar this will be a very good trade in near term.