BRITANNIA FLAG PATTERN IN 30 MINS TIME FRAMEBRITANNIA GO WITH RANGE BREAKOUT
HIGH PROBABILITY OF GOING UP BECAUSE AFTER BREAKOUT IT TEST THE SUPPORT AND REBOUND WITH FULL SPEED.
BRITANNIA trade ideas
BRITANNIA -Towards 3800 levelsBritannia saw a good move from 3370 levels, moved above its recent high around 3555, and then taking support at it by moving in a range from the past 5 trading sessions.
Now considering the recent price action, it looks like if it sustains 3500 levels, it could move towards 3800 very fast.
This is my personal view on the stock, please feel free to comment what's our view on Britannia.
BRITANNIA: Consumption SectorSl- 3250
#CLEANANDCLEARCHARTS
WHY does consumption sector stocks like ITC, BRITANNIA, NESTLE does not participate in this whole rally of nifty?
EVEN these were the few sectors which were used throughout the lockdown and then also it didn't give breakout or 100-200% return.
BECAUSE at that time everyone knew that consumption sector is never going to be in bear phase and when everyone new something then it will eventually not happen in Stock Market.
It is a BLUECHIP stock and it won't start rallying from tomorrow. It will take some time, if nifty starts retracing this week then it will participate.
And in next Index rally will outperform.
CONSUMPTION sector stocks are like metal sector - They have their own Cycle(Periods of consolidation)
so PLAN OF ACTION is try to buy every dips towards that yellow zone( the more closer to yellow zone= less SL)
(Will post analysis of ITC, Nestle, HUL, Dabur)
Queries in comment section.
Triangle breakout in BritanniaNSE:BRITANNIA
The stock has fallen 10% from it's 52 week.
The trend line acts as a strong support and resistance respectively.
*Trade Confirmations*
:- The monthly central pivot range is narrow indicating a trending month.
:- Descending triangles have good success rates.
:- Consolidation near the trend line.
*Trade Setup*
:- T1 - 3550
:- T2 - 3800
:- SL - 3350
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BRITANNIA buy setupForming swing low after consolidation
Breakout and retest of resistance zone complete
BRITANNIA BUY BUY POSITIONAL BRITANNIA RS. 3430
WITH SL 3400 (CLOSING BELOW IN 1 HR CANDLE)
FOR TGT 3500 AND 3650
BRITANNIA...BEAR TREND MAY CONTINUEA COUTIOUS TRADE ON SHORT SIDE MAY BE TAKEN AS SWING TRADE IN BRITANNIA
TARGET 3329.....85 POINTS.
Trend line breakout and retest.Trend line breakout and retest. Price movement and target as mentioned in chart. Target 2850
LONG Britanniastock is showing sign of good reversal after long down trend. Long for target of 3640.
Britannia Weekly Chart, near retest zone >> PositionalNSE:BRITANNIA
Description on chart.
Disclaimer: The view is for study purpose only, I am not a SEBI registered person please contact your financial advisor before investing.
brittania retest and continuation of trendbrittania has succesfully retested and is continuing the trend good point to enter again
and ride the trend
Britannia INDBritannia strong demand zone at 3250-3300 short term trader can sell from current level definitely fall to the zone and then one can buy Long term.
