Targets : 3,860/3,920 Main Support at 3,500; Main resistance at 4,000
Buying range ~ 3.5k to 3.7k Ideas: 1) Stock can be bought keeping long term vision in mind 2) this opportunity can be used to do shortterm trade as well, look to book partial profits at R1
Short 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
Short 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 Long position, based on trend and supply and demand.
Please do your own research before trading or investing.
Britannia 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.
Britannia sustaining above 3250 can move towards 3600 and 4000 levels
BRITANNIA - BREAKOUT CANDIDATE Above 3490 it can move towards 3860 - 4000 levels
The global trend is bearish, that's why I look for sell possibilities near the local levels. This is one of them. If the price will make a pullback it will sell trade. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
Britannia 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.
Britannia 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...
* Price Touching Bottom Of Channel , Retraced Almost 0.618 . * Neutral Candle With High Vol . ( Above It Go Long .) Happy Learning .
Britannia breaks an important support, sell below 2980 next next targets in the chart. and follow an nifty trend to get the best results. No physical stoploss, stop loss by your own