NSE: BRITANNIA | CMP: ₹5,486.50 | Timeframe: Daily
Britannia is approaching a crucial symmetrical triangle apex, formed by a long-term descending resistance and a recent ascending trendline. The price is compressing — signaling a potential breakout soon.
🔍 Key Levels:
📊 Structure Highlights:
🧭 Strategy:
📌 Tight consolidation = Big move ahead. Add to watchlist!
Britannia is approaching a crucial symmetrical triangle apex, formed by a long-term descending resistance and a recent ascending trendline. The price is compressing — signaling a potential breakout soon.
🔍 Key Levels:
- Resistance: ₹5,890 (triangle top + horizontal zone)
- Support: ₹5,280–5,400 (demand zone)
- Targets on breakout: ₹6,100 → ₹6,466
📊 Structure Highlights:
- Previous falling wedge breakout led to a solid uptrend.
- Current price action shows higher lows, indicating strength.
- Breakout + volume = bullish confirmation.
🧭 Strategy:
- Bullish bias above ₹5,890 with volume.
- Watch for invalidation if price breaks below ₹5,280.
📌 Tight consolidation = Big move ahead. Add to watchlist!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.