BRITANNIABRITANNIA
Buy above 4707
SL below 4210
Targets: 4848/4980/5111/5299/5538/6229
Ascending channel Pattern
Expected RSI trendline BO
For Educational purpose only
BRITANNIA trade ideas
BRITANNI short positionOn the chart we can see a rising channel. Our strategy to trade is entering the short once the price breaks down the support line.
Approximate target is shown on the chart.
RSI printed bearish divergences which is also a point for bears here
Invalidation of this thesis would be if after the successful breakdown the price comes back inside the channel.
Britannia nears support. Massive up-move potential.Britannia is close to its 12 month support. Provided it holds, there is a good potential for up-move. Risk to reward (1:4.5) is great.
BRITANNIA - Next support at around 4280. Opportunity to enter.Britannia seems to have convincingly broken the support and trend line. There seems to be another support around 4280.
I am going to hold my BUY positions, in hope of early reversal and add more once there are signs of reversal around the support.
Disclaimer this is my personal view for education purpose only.
BRITANNIA Stock take Trendline support many times.
4600 is a Major support for a uptrend if trend line Breakdown stock price like a falling knife so plz wait And watch tommorow level is very important.
Disclaimer this is my personal view for education purpose only.
BRITANNIA Stock support always a trendline
Trend is Bullish
Wait for long position for 4600.
Disclaimer this is my personal view for education purpose only.
BRITANNIA--END of Bullishness or Continue??After Up channel, price is moving to upside with strong consolidation...its the sign of end of uptrend.
after strong fall from this level price again tries to move upside...
again selling pressure is seen from the same levels...
today price is broken the trendline....if tomorrow it may retest and fall again up to 5000 level.
until price breaks the support @5000 levels...will not go for complete short side...
Brittania ready for 3855Britannia all set for 3855 by next month.
breaking this level and closing above it on daily basis, will give a 10-15% upmove
BRITANNIANSE:BRITANNIA
LIFE TIME BO!!!
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Multiyear Resistance Price Trading near Multiyear Resistance ...High probability we will see some downside
BRITANIA (D)- BREAKOUT STOCKS- Cup and Handle Formation
- Price retested its previous BO level (4155)
#BRITANIA #BREAKOUTSTOCKS
BRITANIA ☕IT is forming cup with handle on daily time frame its consolidating breakout or breakdown will be strong.
Buy BritanniaBuy Britannia (NSE:BRITANNIA)
Buy Range- 4260 - 4300
Target- 4450 - 4500
StopLoss- below 4200
Potential Return- 4-5%
Approx trade duration 12 - 14 days
INTRADAY IDEA ON 20-04-2023in BRITANNIA we will take a long and short trade this content is made for learning and educational purposes only
#Britannia #Britannia
will Britannia respect the channel or
Retest the previous breakout level ?
CMP:4461 @ 1 March 2023
Britannia For Long Opportunity If price will comes at 4365 then go for long.
Or
For safe entry price comes at 4365 and after that give breakout this trendline then we can go long.
BRITANIA RETESTBRITANIA retest noticed in weekly and dailY TF. Is there any chance for breakout. study please
Britannia short swing trade 5 EMA strategystock given upmove then its consolidate people can book there profits here and it can show down move.
BRITANNIA chart #trading #banknifty #trader #investing britannia chart britannia chart britannia chart britannia chart britannia chart britannia chart britannia chart britannia chart britannia chart britannia chart
BRITANNIA BREAK IT'S TRENDLINE thanks for the support guys for 100 followers
if you any question ask in comment
BRITANNIA Company Website
britannia.co.in
Presence in more than 60+ countries across the globe
Top 3 FMCG giant India
Ex RBI Governor Urjit Patel is the Additional Director of board.
Sales are flat/ slow riser, cash flow has 4x'd in 5 years = looking at small expansions in Africa, one of the areas it sells along with the Middle East, Nepal
No pledged shares, net debt positive ( Assets much larger than liabilities )
BRANDS-
Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold ( Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. )
Buy Britannia IndustriesBuy Britannia Industries (NSE:BRITANNIA)
Buy Range- 4385 - 4415
Target- 4580 - 4600
StopLoss- below 4300
Potential Return- 4-5%
Approx trade duration 10-12 days
