BRITANNIA...BEAR TREND MAY CONTINUEA COUTIOUS TRADE ON SHORT SIDE MAY BE TAKEN AS SWING TRADE IN BRITANNIA
TARGET 3329.....85 POINTS.
BRITANNIA trade ideas
Trend line breakout and retest.Trend line breakout and retest. Price movement and target as mentioned in chart. Target 2850
LONG Britanniastock is showing sign of good reversal after long down trend. Long for target of 3640.
Britannia Weekly Chart, near retest zone >> PositionalNSE:BRITANNIA
Description on chart.
Disclaimer: The view is for study purpose only, I am not a SEBI registered person please contact your financial advisor before investing.
brittania retest and continuation of trendbrittania has succesfully retested and is continuing the trend good point to enter again
and ride the trend
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 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
