Britannia INDBritannia strong demand zone at 3250-3300 short term trader can sell from current level definitely fall to the zone and then one can buy Long term.
BRITANNIA trade ideas
Britannia Short TradingLooking from the current position @ 3450 Britannia after their FY results are getting into the bear run. From the customary Fib and short trading positions, expect Britannia to hit 3315 in the near term with strong indicators of stock being over bought earlier and from the down trend signals.
BRITANNIA - Important levels Stock is currently trading at a good support level i.e 3430 - 3420.
And at support, it has formed bat pattern with a prz around 3400 levels.
Considering the previous and recent price action, it looks like the stock is getting ready for a temporary bounce back up till 3550 - 3600 levels in the near term.
Trade type: Swing
Bet type: Contra
Risk reward: favorable.
Swing trade posibilitiesIts in a consolidation mode, we can buy if it breaks 3479. Target 3760
TIMELINE : 10 DAYS
Swing trade posibilitiesThe channel has been broken and followed up with Consolidation, We can make use of it to capture the Swing. it has ended with a Doji and can be bought tomorrow ( 04-05-2021 ) if it breaks today's high of 3478.70
Entry: 3479
Stoploss: 3356
Target 1: 3760
Target 2: 3820
Target 3: 3900
Britannia will be at ATH. Its a matter of 2 to 3 weeksIf it doesnt manage to close above 3775 then will be pushed into the range again until Q4 numbers
BRITANNIA short term down sideI am student learning analysis.
So do support me for any mistakes pls suggest me
BRITANNIA SELL SIDE
BRITANNIA- NSE- INDIASuch a sweet company, dont leave money on table.
Ex RBI Governer Urjit Patel is the Additional Director of board.
BUY it blindly.
People will never stop eating biscuits, dairy and cakes
britannia.co.in
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Inside Wedge patternStock taken support bottom of wedge pattern, expected target marked on the chart.
Let's see...
Buy Britannia Target1 :3726 Target2:3930 Target3:4200 SL:3279 onBuy Britannia with target of
Target1 :3726
Target2:3930
Target3:4200
SL:3279 on closing basis
Britannia Trading below 200 EMA
Respecting downward trendline
Volumes are low
If breaks above marked red area with good volumes and sustains then could be good buy for long-term.
This is just for an educational purpose.
