BRITANNIA trade ideas
BritanniaSo 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!
BritanniaBuy 6358-62, 6390+, SL 6350. Strong uptrend in FMCG segment. Strong OI support at lower Puts. Immediate resistance at 6400 Calls.
BritanniaBuy 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 Start shorting BRITANNIA here via futures or options
BritanniaBritannia 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 To Get Bitter For Bulls? Down Time Is Coming Soon.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 support. For Swing Traders, 3981 Zone is Very Critical. Below which we can see a good amount of selling.
Britannia Industries Limited (A WADIA Enterprise) is an Indian food-products corporation based in Bengaluru, India. It sells its Britannia and Tiger brands of biscuit throughout India. Britannia has an estimated market share of 38%. The Company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes and dairy products.
