BritanniaPositional / Swing trade opportunity on Britannia
CMP & Entry - 4775
SL - 4330 (on Closing Basis)
Target 1 - 5690 - 5700
Target 2 - 6370 - 6390
DISCLAIMER: Not financial advice. Only for educational purposes.
Invest at your own risk
BRITANNIA
Britannia Industries : Prepared for the Next Step..?Britannia Industries' stock price has returned to the 6000 price level, which was previously a resistance level, and will now act as a support level. Additionally, the 50-day moving average support is also at the same level.
In other news, the company has announced a strategic partnership with Bel Group for local cheese manufacturing in India. A factory in Ranjangaon, Maharashtra, will produce 10,000 tons of Britannia The Laughing Cow cheese products each year to meet the growing demands of Indian consumers. The joint venture will invest Rs 220 crore in the cheese plant.
Britannia Long Trade Setup Britannia Coming From All Time High and now Coming To 15m inducemnt area
below this one and only one Order Blocks is also present . So we can try to make positions from here after IDM sweeping or OB tapping
Also there is a liquidity area below this so we will after lower time frame Confirmation
#BRITANNIA 4532 invest for Diwali recommend BUY- Rachit Sethia BRITANNIA 4532
TGT 5100 +++
SL 4400
TIMEFRAME <6M
RR > 3
Return >15% +++
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Will Britannia Ind. cross the Resistance and target 5625?1-hour chart, the stock is trading in an expanding triangle, with tendency to test the mid line before rebounding to the Resistance R.
Above Resistance at around 5250, the target will be 5625
Below mid line (SL), stop loss ; as the high chance to test the support line S.
BritanniaBritannia has broken out with great volumes, retest done too. Going long at current levels looks good with a target new ATH, can stay in the long trade as long as the stock is trading above 5270!
Supports are marked on the chart.
Britannia - Bearish ViewBritannia - Elliott Wave Count
the market seems like completed its wave B and has begun the wave C downward with the target of 4200 or beyond.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:BRITANNIA BSE:BRITANNIA NSE:BRITANNIAZ2023
Trading cannot get simpler than this_BRITANNIA_TRADE-SETUPThe good old support and resistance play ongoing in Britannia.
The stock first broke out on Nov.7 from a 2 month old resistance zone of INR 4600-4650.It has then again tested the same breakout level on Tuesday's trading session. This retest seems to have re-energized the engines of this stock that is cruising forwards quite strong from past 2-trading sessions.
Another minor resistance of 4710-4730 has been taken out in yesterday's trading session as well.
The stock shall now advance towards INR 4960 which could be used as a target level for a short term trade.
INR 4710-4730 shall now be considered as a support area for the stock in case it pulls back a bit on smaller timeframes. The pullbacks are always great to look for to enter into a trade.
Note*- The views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
BRITANNIANSE:BRITANNIA
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#IONEXCHANG 584 TGT700:20% SL533 Recommended Buy - Rachit SethiaIONEXCHANG
CMP 584
TGT 700 ++
SL 533
Return ~ 20%
TF 6months
RR >2.2
NSE:IONEXCHANG
#IONEXCHANG
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
BRITANNIA--END of Bullishness or Continue??After Up channel, price is moving to upside with strong consolidation...its the sign of end of uptrend.
after strong fall from this level price again tries to move upside...
again selling pressure is seen from the same levels...
today price is broken the trendline....if tomorrow it may retest and fall again up to 5000 level.
until price breaks the support @5000 levels...will not go for complete short side...
BRITANNIANSE:BRITANNIA
LIFE TIME BO!!!
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
GBPUSDGBPUSD i think gbpusd drop at here or drop at resistance we need to waite to drop support zone because it's too strong rejected in the support zone and rised to resistance and break the HH
Multiyear Resistance Price Trading near Multiyear Resistance ...High probability we will see some downside
BRITANNIA Company Website
britannia.co.in
Presence in more than 60+ countries across the globe
Top 3 FMCG giant India
Ex RBI Governor Urjit Patel is the Additional Director of board.
Sales are flat/ slow riser, cash flow has 4x'd in 5 years = looking at small expansions in Africa, one of the areas it sells along with the Middle East, Nepal
No pledged shares, net debt positive ( Assets much larger than liabilities )
BRANDS-
Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold ( Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. )
BRITANNIA LONG TRADE (INTRADAY DEC 13)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BRITANNIA
Daily : Stock is in uptrend.
15 min : stock is in range.
*Wait for the range breakout and we could see an upside movement.
THANK YOU !!!!
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: when are Buyers coming back?Analysis of Britannia
I look to Buy at 3429 (stop at 3380)
My profit targets will be 3579
Britannia - a time to jump off ?A typical pattern which is self explanatory. Is Risk Reward favourable? Possible time will tell :)
BRITANNIA LONG (INTRADAY NOV 24)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BRITANNIA
Daily : Stock is in uptrend.
15 min : It has broken Descending channel and has currently made falling wedge.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
BRITANNAI LONG (INTRADAY NOV 23)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BRITANNIA
Daily : Stock is in uptrend.
15 min : It has broken Descending channel and it is recently at retesting level.
*Wait for the proper retestt and we could see an upside movement.
THANK YOU !!!!
BRITANNIA LONG (INTRADAY NOV 16)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BRITANNIA
It is in uptrend on daily and in 15 min it has broken "Falling Wedge Pattern".
Now wait for the recent Swing to cross and then when it retest that level, we could see an upside movement.
Thank You !
