BRITANNIA trade ideas
R-0163 Cash Buy BRITANNIA @3830.00-3840 SL 3740 TGT 4020Short Term Cash Buy BRITANNIA @3830.00-3840 SL 3740 TGT 4020(Resumption of recent upmove)
About to cross TK line.
MACD cross over
Above VWAP
R-0127 Cash Buy BRITANNIA @3840.00-3850 SL 3760 TGT 4020Short Term Cash Buy BRITANNIA @3840.00-3850 SL 3760 TGT 4020
About to cross TK line + MACD cross over + ichimoku cloud break out so go LONG.
Britannia – Expect a correction before it reaches new highBritannia should retrace before reaches a new high ….
britania Tech.Analysisbritania ind support 3700, 3610
resistance 3835, 3880, 3940
**i am not sebi registered analyst.**
Britannia Very Bullish Stock.....in blue sky.... PRZ marked... lets see how price react to that area
BRITANNIA | BULL FLAGBritannia has broken out above previous ATH warranting attention. In addition to this the stock has witnessed a breakout from a Bull Flag a continuation pattern. This opens up a opportunity for a Buy trade in Britannia with a Buy at Rs 3702 with stop at Rs 3591 for a target of Rs 3870.
BREAKOUTI like how this is setting up.
Clean breakout on weekly and strong monthly candle close above resistance
Fundamentally stable.
BRITTANIAThe pattern of HH HL seems to be going well, if looking for long, entry can be taken above 3585 for upside targets.
BRITANNIA - BREAKOUT CANDIDATEBRITANNIA - BREAKOUT CANDIDATE
Above 3490 it can move towards 3860 - 4000 levels
Trading Call : Buy Britannia Industries Ltd. NSE:BRITANNIA is making Higher Top and Higher Bottom on Daily Chart. Stock is trading above all key moving averages. RSI & ADX is also showing strength.
We are recommending Buy around 3425-3450 range with Stop Loss below 3300 on closing Basis with Target of 3700 in next 3-4 weeks.
Target 3800 in coming days- Buy now at Fib retracement entry .618 and target 3800
- Sell below 3204 if its downside.
Britannia breaching ATHBritannia is attempting to breach its previous All Time High. This will lead to price discovery. My first target would be 4000 as that would end the CD Impulse leg of the ABCD pattern.
Should we buy into strength in Britannia ?On the Weekly chart, there is a bullish divergence and the RSI has broken the high between the two ends of the divergence. Furthermore, price has reached a 52- W high, and has crossed its resistance. We ought to wait for a strong close, and then a pullback. At least that's when I would enter.
Britannia on its fourth attempt to break the hurdleBritannia gave us a buy signal at 2865 then made a high of 3288 and then retraced back to 2865 took a support at the earlier resistance of 2865,Now it is again giving an attempt to cross 3196 for the fourth time.Let's wait and see the candle formation near this big hurdle and then we will decide the futher course of action.But keep on radar this will be a very good trade in near term.
Britania UptrendCMP: 3167
Targets: 3392, 3558
Buy Below: 3040
Support: 2991,2884
SL: Exit below 2884
