BRITANNIA trade ideas
HS patternHS pattern formed on the trendline support. We can wait for the candle to close below trendline to short. For target we can take shoulder height.
This is for educational purpose only. If you note any mistake please comment.
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
BRITANNIABRITANNIA - High probability reversal zone
Watch how aggressively the stock has reversed from the same zone in the past.
BRITANINA - LONG AT 3670..........................................................................................................
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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BRITANNIA BuyBRITANNIA Buy for day trading if stock and FMCG Sector also strong then we will enter in trade...
BRITANNIA BuyBRITANNIA Buy for day trading if stock and FMCG sector also bullish then we will enter in trade.
BRITANNIA BuyBRITANNIA Buy for day trading if FMCG Sector is also strong then we will enter in trade.
Britannia bullish closingNifty FMCG gave breakout and may continue to look for up side.
Britannia closed above the trendline and can be bullish for today.
Target :- 3675
Sl :- 3600
Britannia Industries Ltd - 08.12.2021Britannia Industries Ltd - 08.12.2021
The stock is trading @ 3575 levels
There is a RSI Bullish Divergence in Daily Chart
The prices are above ema
Let the prices go above 3605
watch out for the price action
Britannia Buy above 3600. Love affair with 400 EMA line.
It is taking support every time from 400 EMA,
The risk reward seems fantastic.
Check the Reversal Bullish Candle stick pattern
Entry 3600
SL = 3450
Target = 4000 (Trailing SL should be used)
Britannia Industries Ltd - 19.11.2021Britannia Industries Ltd - 19.11.2021
The stock is trading @ 3570 levels
There is a support zone @ 3535 which got tested at 3555 levels
There is a stochastic bullish divergence in daily chart
Prices are below ema
Let the prices go above 3727
Watch out for price action
Birtania at demand zone1. moved with bulish pattern with high volume
2. trending above demand zone trendline
3. RSI is strong
