BRITANNIA trade ideas
Britannia - Path to Recovery - Day TFPresently in the strong support zone. 19th Fri Day ended - Spinning Top, Price was negative Change in Futures OI positive with Long Buildup and high equity delivery percentage. Strong reversal signal, but we have to wait for PA confirmation. This week to be watched out. It will be a STRONG BUY if PA confirms this week. Additionally, check VPVR support and accumulation points. This is purely for educational purposes. I do not recommend anyone to buy or sell equity or trade stocks or indexes based on my studies. You are also suggested to see other indicators like MACD, RSI, Stochastic, and EMA.
Britannia Long on RadarBritannia is approaching the major support zone now from 3300-3400.
Bullish Harmonics Pattern with 0.886 FIB
Mostly likely forming a double bottom (Not confirmed yet)
Waiting for a bullish reversal signs however Bullish Div is clearly seen on Hourly and 2 hourly TF.
Long here in Delivery and/or F&O is a low risk entry with SL below the major support line.
