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BRITANNIA INDUSTRIES LTD

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BRITANNIA trade ideas

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.
NSE:BRITANNIALong
by AmateurTrader100
5
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 Thank you for viewing my ideas and analysis. Read it completely for complete understanding. Follow me so that you'll get notified whenever I post some content. Let me know through the comment section if you have any doubts or feedbacks. All the best! Happy trading/investing :)
NSE:BRITANNIALong
by Omsai1238