Britannia Formed Flag pole patternBritannia Formed a Flag pole pattern. Keep an eye to enter in this stock.
BRITANNIA trade ideas
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.
Britannia heading towards lower end of regression channellooks like lower end of regression channel may be broken
Britannia - Bullish DivergenceBritannia has bullish divergence on 2 hr timeframe. taking a trendline support.Target on chart...
Go long on Britannia1) Break out of all-time high (August '18) around May'20 and retested around June 20.
2) New high of 4k was made around July 20.
3) A triangular upward breakout after November 20.
4) Currently it is consolidating between 3570 (lower) and 3680 (upper).
5) Breakout on the upward side gives a target of 4K ( Conservative SL 3500 )
Adding to my Britannia Position READ DESCRIPTION orange line is Stop Loss and Entry is 3600. Good weekly chart and price actions look good on daily too.
Britannia seems to be ready to go to the moon!At H4, I see consolidation and MACD is also giving bullish view. The trend is also up and it is just above the support band.
Britania cup and handle breakoutBritania has broken out of the cup and handle pattern. Upside breakout
BRITANNIABritannia is very strong it successfully broke its major resistance now seems to be taking support at the same. If starts upmove above 3700 can reach amazing heights.
Plan your stop losses at 3350
#BRITANNIA #TLBO #STBO #CHANNELBO #CHPATTERNBroken out of almost a month's TL with ST, Channel and CH Patterns.
BRITANNIA - Buy on Dips , Long CallsChart is self explanatory.
Note - this is only for educational purpose .
Taking Support at 200SMABritania is an FMCG Food processing company taking support on 200SMA. a strong fundamental, rising sales, and rising profit make this company a good long term investment bet. stock comfortably broke the resistance of 3360 on weekly chart in on 1st June 20 and retested again on 19th oct 20. this form a strong around these levels.
BRITANNIA - Falling Wedge + Rounding Bottom -Short Term/IntradayThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
One can Zoom out or scroll the chart to see how price reacted the levels previously.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move after forming rounding bottom, check the images linked below
PAGE INDUSTRIES (Monthly)
CERA SANITARYWARE (Monthly)
Also you can check the ideas linked below for more understanding.
