BRITANNIA trade ideas
Britannia Industries : Prepared for the Next Step..?Britannia Industries' stock price has returned to the 6000 price level, which was previously a resistance level, and will now act as a support level. Additionally, the 50-day moving average support is also at the same level.
In other news, the company has announced a strategic partnership with Bel Group for local cheese manufacturing in India. A factory in Ranjangaon, Maharashtra, will produce 10,000 tons of Britannia The Laughing Cow cheese products each year to meet the growing demands of Indian consumers. The joint venture will invest Rs 220 crore in the cheese plant.
BRITANNIA S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Britannia Long Trade Setup Britannia Coming From All Time High and now Coming To 15m inducemnt area
below this one and only one Order Blocks is also present . So we can try to make positions from here after IDM sweeping or OB tapping
Also there is a liquidity area below this so we will after lower time frame Confirmation
BRITANNIA BUY VIEW BRITANNIA Long view
Trade Reason
1) HFT - Weekly Correction Completed Fib level - 0.618
2) Day - Wait for trend Reversal and confirmation .
3)Day Support actived
Entry - 4900 Rs
Stoploss - 4500 Rs
Target - 5338 Rs
Thank you ..
BRITANIA INDUSTRIESBRITANNIA INDUSTRIES has decisively broken the major resistance level. Wait for a pullback before considering entry into the trade.
Britannia up move??Britannia can give a good swing to positional trade with a decent stoploss and good Targets
ENTRY - 5260
STOPLOSS - 5200
TARGETS - 5380, 5430, 5500++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
BRITANIYA SWING TRADE 1D TIME FRAMEbritaniya swing trade 1d time frame
for buy at 4940 level for target of 5363 (423 points) and sl below the todays day candles low
BRITANNIA,PREDITION FOR BUY !!!Britannia currently in gud up trendand having a great breakout,expecting a target of TARGET 1=4500 TARGET 2=5226
BRITANNIA MIGHT TAKE A U TURN Britannia can give a good swing or positional trade with a decent stoploss and good Targets
ENTRY- 4750
STOPLOSS - 4690
TARGET - 4900, 4950, 5000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
BritanniaOnly for educational purposes.
This is a tutorial on drawing channels. I have taken this stock, but any stock can be taken as an example. To draw a channel, touch the top tips and drag the handle down to create a channel.
Britannia can give a good up move Britannia is in good consolidation phase and if it breaks on the upper side there will be good chance of making a nice up move with some heavy targets
And which leaves a swing to positional opportunity for us
ENTRY - 4995
STOPLOSS - 4895
TARGET - 5200, 5300++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
BRITANNIA might take a u turnBritannia might take a u turn and give a good swing or positional trade opportunity with a decent stoploss and good Targets
ENTRY - SUSTAINING BETWEEN 4930-4950
STOPLOSS - 4830
TARGETS - 5050,5200,5400++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
#BRITANNIA 4532 invest for Diwali recommend BUY- Rachit Sethia BRITANNIA 4532
TGT 5100 +++
SL 4400
TIMEFRAME <6M
RR > 3
Return >15% +++
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Will Britannia Ind. cross the Resistance and target 5625?1-hour chart, the stock is trading in an expanding triangle, with tendency to test the mid line before rebounding to the Resistance R.
Above Resistance at around 5250, the target will be 5625
Below mid line (SL), stop loss ; as the high chance to test the support line S.
Britania reverse cup and handleOn daily chat britania shows reverse cup and handle pattern. Breaking support can short for Target of 100 points Target 2 nd more 80 points
BRITANIA INDBritania inds. showing strength on its chart . Also it is on all time high after retracement. it is good buy for swing trade of 20%
Brit 15min MBlock StrategyEarly call on a mblock trade strategy
This is only for educational purposes
BRITANNIA Formed Inside Candle PatternNSE:BRITANNIA Formed Inside Candle Pattern
Inside Candle Formed on Weekly Chart ..
Either Side Breakdown or Breakout is Possible
the Range is So Important
if Breaks Upside Then Possible Targets Are Marked
if Breaks Downside Then Possible Targets Are Marked
Britannia will retest after the support ? Target of 5529Britannia showing strong upside momentum, has strong weekly support near 5150
Entry can be near support
5140 - 5150
Target 5387, 5438, 5529
7.5% Upside Potential
BritanniaBritannia has broken out with great volumes, retest done too. Going long at current levels looks good with a target new ATH, can stay in the long trade as long as the stock is trading above 5270!
Supports are marked on the chart.
