Britannia bull
current price 4539
Target 5200 positional trade .
for reference see the chart
Note : this is for educational purpose only.
BRITANNIAX2024 trade ideas
BRITANNIA1!02-12
Daily chart of BRITANNIA1!
LTP: 4417.75
There is a clear bearish divergence in RSI.
The candles are now resisting the highs.
The gap between 200 EMA and the candles is not healthy.
Aggressive traders can go short and safe traders can wait for 4200 levels to buy on dips.
#BRITANNIA#BRITANNIA last trading session formed bullinsh patern,
yesterday trading lower level and trading our retracement level,
we can buy around 34400-425 and tgt 3478, posistional tgt 3526 and
follow SL 3345 closing basis.
Britania may breakout from triangle1. RSI seems positive
2. edge of triangle
3. FMCG index is bullish
4. taken support fib level 0.382
