BRITANNIA trade ideas
BritanniaPrice is testing previous breakout and near 200 EMA on daily time frame.
If it renters the triangle then further downfall can be seen however the chances of taking support here are very high.
Wait for price action and enter accordingly.
I will be more biased on buying side.
Just for education
Britannia about to break on weekly chartA perfect pole & flag pattern is visible in Britannia, hoping for a breakout here, keep an eye.
Simple price action , no jazz!
BRITANNIA BRITANNIA is in good supply zone from 3605~3624. If BRITANNIA sustain above supply zone or 3624 then good for long. Target will be 3645~3660
( 20th June 2021 )
Britannia 15 MinBritannia looks good for long on moday. wait for Lines to break up or down then good entry
BREAKDOWN EXPECTED | RISING WEDGE FORMATION [WATCHLIST]Britannia forming RISING WEDGE in small timeframe along with RSI divergence. Breakdown is expected.
Intraday short trade can be taken on breakdown.
Good risk : reward.
Britannia: Good morning just startedA very conventional and safe bet for core PF.
Good breakout observed and continuation of trend giving confidence.
Keep an eye.
BRITANNIA TF 1DAY 3 PATTERN BREAKOUT HERE WE CAN SEE THE BRITANNIA CHART AT 1 DAY TF WE CAN CLEARLY SEE THE BREAKOUTS OF MULTIPE PATTERN AT SINGLE MOVEMENT LETS SEE HOW IT GOES BUT VUT IF VOLUME IS SUPPORTIVE WE WILL ENTRE
BRITANNIA FLAG PATTERN IN 30 MINS TIME FRAMEBRITANNIA GO WITH RANGE BREAKOUT
HIGH PROBABILITY OF GOING UP BECAUSE AFTER BREAKOUT IT TEST THE SUPPORT AND REBOUND WITH FULL SPEED.
BRITANNIA -Towards 3800 levelsBritannia saw a good move from 3370 levels, moved above its recent high around 3555, and then taking support at it by moving in a range from the past 5 trading sessions.
Now considering the recent price action, it looks like if it sustains 3500 levels, it could move towards 3800 very fast.
This is my personal view on the stock, please feel free to comment what's our view on Britannia.
BRITANNIA: Consumption SectorSl- 3250
#CLEANANDCLEARCHARTS
WHY does consumption sector stocks like ITC, BRITANNIA, NESTLE does not participate in this whole rally of nifty?
EVEN these were the few sectors which were used throughout the lockdown and then also it didn't give breakout or 100-200% return.
BECAUSE at that time everyone knew that consumption sector is never going to be in bear phase and when everyone new something then it will eventually not happen in Stock Market.
It is a BLUECHIP stock and it won't start rallying from tomorrow. It will take some time, if nifty starts retracing this week then it will participate.
And in next Index rally will outperform.
CONSUMPTION sector stocks are like metal sector - They have their own Cycle(Periods of consolidation)
so PLAN OF ACTION is try to buy every dips towards that yellow zone( the more closer to yellow zone= less SL)
(Will post analysis of ITC, Nestle, HUL, Dabur)
Queries in comment section.
Triangle breakout in BritanniaNSE:BRITANNIA
The stock has fallen 10% from it's 52 week.
The trend line acts as a strong support and resistance respectively.
*Trade Confirmations*
:- The monthly central pivot range is narrow indicating a trending month.
:- Descending triangles have good success rates.
:- Consolidation near the trend line.
*Trade Setup*
:- T1 - 3550
:- T2 - 3800
:- SL - 3350
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BRITANNIA buy setupForming swing low after consolidation
Breakout and retest of resistance zone complete
BRITANNIA BUY BUY POSITIONAL BRITANNIA RS. 3430
WITH SL 3400 (CLOSING BELOW IN 1 HR CANDLE)
FOR TGT 3500 AND 3650
BRITANNIA...BEAR TREND MAY CONTINUEA COUTIOUS TRADE ON SHORT SIDE MAY BE TAKEN AS SWING TRADE IN BRITANNIA
TARGET 3329.....85 POINTS.
