#BRITANNIA #TLBO #STBO #CHANNELBO #CHPATTERNBroken out of almost a month's TL with ST, Channel and CH Patterns.
BRITANNIA trade ideas
BRITANNIA - Buy on Dips , Long CallsChart is self explanatory.
Note - this is only for educational purpose .
Taking Support at 200SMABritania is an FMCG Food processing company taking support on 200SMA. a strong fundamental, rising sales, and rising profit make this company a good long term investment bet. stock comfortably broke the resistance of 3360 on weekly chart in on 1st June 20 and retested again on 19th oct 20. this form a strong around these levels.
BRITANNIA - Falling Wedge + Rounding Bottom -Short Term/IntradayThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
One can Zoom out or scroll the chart to see how price reacted the levels previously.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move after forming rounding bottom, check the images linked below
PAGE INDUSTRIES (Monthly)
CERA SANITARYWARE (Monthly)
Also you can check the ideas linked below for more understanding.
Britannia Industries - The Cookie can crumbleThe CEO of the company was featured in an Indian Business magazine, in a very laudatory article. It is a widely held belief that such articles herald the beginning of the decline in the company's business, portended by stock price.
Britannia Industries stock has been a laggard in the massive rally in the last 2-3 months. In fact, it broke down below the resistance and is currently trading in another box, which overlaps the previous box.
It is also trading below its flat-ish 30 WMA.
As an when the winter comes to the stock markets, this stock is likely to crumble. Mark it out as a short candidate.
Price action strategy at its daily support areaSee all my Publications if it seems to give you both knowledge and profit then only like subscribe and share to your near and dear.
Thanks for my masters trading panthulu, day trader telugu, and nayan pokarkar.
These are all for educational purpose please consult your financial advisor before investing your hard earned money.
Britannia - Intrday / Swing Trade SetupBritannia CMP - 3637.95
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 3645 Only / Stop Loss - 3630
Target 1 - 3655
Target 2 - 3665
Target 3 - 3674 / 3685
Swing Targets - 3750
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
Britannia - Ascending Triangle BOBritannia gave asceding triangle breakout and restested . expected a up move. Targets on charts...
BritanniaDue to moderate growth in FMCG sector, this stock has been under accumulation phase for last month. triangle pattern is formed in the daily chart. due to expected growth in the FMCG sector, it has better targets.
QUICK TRADE in BRITANNIA IND buy above or at 3600 multiple resistance of stock around 3600. once crosses 3600 will move very fast. so buy for quick gains. even possible to gap filling at upper levels
Britannia - BullishBritannia CMP - 3552.10
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above ONLY 3555 / Stop Loss 3540
Target 1 - 3565
Target 2 - 3575
Target 3 – 3585 / 3595
Swing Trade Target - 3750 / Stop Loss 3515
Disclaimer: This is my view and for educational purpose only.
BRITANNIA Ready for breakout (expecting)Nice wedge pattern Resistance has been tested much time. Chances are there for a breakout.
Only backtesting all the patterns, posted so that it may be useful for anyone. Just an observation of market
BRITANNIA LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ABOVE 3540
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
