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nahso89
Aug 8, 2023 12:10 PM

Britannia nears support. Massive up-move potential. Long

BRITANNIA INDSNSE

Description

Britannia is close to its 12 month support. Provided it holds, there is a good potential for up-move. Risk to reward (1:4.5) is great.

Comment

Nearing our stoploss (4457). Should have waited for support to sustain before getting into the trade.
Lets wait and watch. Monday will be crucial.

Trade closed: stop reached

Updated analysis here -
Comments
srinivasulu22295
daily time frame support taken at 4485
taken support at 200 ema
my view is long
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