Britannia Weekly chart crucial supportBritannia is taking support from its crucial levels.
It's respecting these levels since June 2020.
Reward to risk is 3.9:1. Very favourable.
If it breaks the support zone, we can go short. Target has been marked with a red horizontal line.
Simple and straight forward analysis.
Let me know in how to went in the comments.
BRITANNIA trade ideas
BRITANNIA INDFundamentally strong stock.
Higer delivery quantity.
Close entering 52 week high zone.
High ROE
High ROCE
Net sales last 4 years growth ratio is positive.
Cash from operations for past 5 years is positive every year.
Dividend has been paid (since-2011)
As for data available date- 25-01-2022
Britannia breakout, go longBritannia ha been trading in a parallel channel for some time now it has given a breakout, we can make positions for the upper marked targets.
Buy above - 3575 (wait for a pullback)
Targets mentioned in the chart above
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