Trading cannot get simpler than this_BRITANNIA_TRADE-SETUPThe good old support and resistance play ongoing in Britannia.
The stock first broke out on Nov.7 from a 2 month old resistance zone of INR 4600-4650.It has then again tested the same breakout level on Tuesday's trading session. This retest seems to have re-energized the engines of this stock that is cruising forwards quite strong from past 2-trading sessions.
Another minor resistance of 4710-4730 has been taken out in yesterday's trading session as well.
The stock shall now advance towards INR 4960 which could be used as a target level for a short term trade.
INR 4710-4730 shall now be considered as a support area for the stock in case it pulls back a bit on smaller timeframes. The pullbacks are always great to look for to enter into a trade.
Note*- The views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
BRITANNIA trade ideas
BRITANNIANSE:BRITANNIA
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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BRITANNIAStock breakout with big Bullish candle. after a long sideways channel.
Price above all DEMA means trend change Bearish to BULLISH
MACD Bullish crossover done 👍
RSI indicate Bullish signal
Good volume
Chart set-up very good for long
Channel Resistance now support for long trades.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
BRITANNIA After a long sideways channel stock try to breakdown.
Once price break today & confirmation done tomorrow then price go short side
If price return to support line then make a fresh buy Entry
Neckline is very important
Wait n watch situation
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
🚀📈BRITANNIA LOOK GOOD ABOVE 4675🚀📈Disclaimer : This is strictly for educational purposes only. Please don't take it as investment advice. Stock Market Investment are very risky & subject to Market Risks. Use your discretion & consult your financial Advisor before investing.
🚀📈Wait for breakout with increase volume then enter.
NSE: NECCLTD is closing last month with a bullish breakout candle supported with volumes also show higher high , higher low formation on monthly chart . This volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days or Month . #stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Britannia Industries
🔍 Description: FMCG Defensive stock available on Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
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 - 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--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...