BRITANNIA INDS

NSE

BRITANNIA

For Educational Purpose.!

SL as given

So the negativity after a disappointing Quarterly Results show seems to have been factored in the price, bears have brought the stock back to 2018 lows around 2600! First signs of bulls visible today, but is it just some short covering? Let's find out! Trade looks rewarding compared to the risk involved, I see a BUY with a Stop loss of 2600 for a target of 2900 atleast!

Negative divergence MACD

flag breakout likely to go upward

NSE:BRITANNIA

short on pdl break

A up move seen in Britannia stock on daily chart

britannia

tgt 6526

In this down move Britannia may find support at 1/4 at 5459. Target is 6374.

Buy 6430-36, Trgt 6480+, SL 6425. Strong uptrend. Good OI support at lower levels.

Buy 6358-62, 6390+, SL 6350. Strong uptrend in FMCG segment. Strong OI support at lower Puts. Immediate resistance at 6400 Calls.

Buy 6529-33, Trgt 6555+, SL 6525. Nifty is has little impression on this stock – an FMCG biggy. Strong uptrend.

Start shorting BRITANNIA here via futures or options

Britannia like KotakBank is one more stock which is remaining unaffected by market swings. At present it is having resistance at 6200 where bears have written Calls heavily. And at that level a Negative Divergence will appear. Hence price may see minor correction. This will be a good opportunity for going long.

Britannia Industries Ltd (NSE: BRITANNIA) is about to trigger Bearish Move as per TTC Breakout Formation. The Critical Make-Or-Break Zone is at around 4580. If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 4500 Zone. Then 4390 and 4290 are the next...