BRITANNIA trade ideas
Flag Pattern of BritanniaHi,
A flag pattern is clearly visible on the Brittanna Chart of daily candle. Presently it is touching the upper side and if it breaks on closing basis, may see a good upside of 25% to 35% move in near future (my assumption is after breakout it will not take more than 50 days to give 25% returns).
I will keep updated.
BRITANNIA BROKE LAST SWING HIGHAfter testing it yesterday, Britannia just broke its last swing high. With decent deliveries if the stock sustains above these levels, it can show a potential upward movement to its high. The stock is also beating the index which in itself is touching all time highs every day. Plus post covid lockdown increased sales will help the company maintain some momentum specially if rural market backs it up.
BRITANNIA to Breakout?BRITANNIA had recently broke the symmetrical triangle pattern and it had also broke a resistance with good volume. Do watch this scrip and long if it had broke major resistance because if you enter now RRR will be poor as the first target will be the major resistance and it is very close.
Britannia - Elliott wave Analysis - C of ABC zigzag It is in 2nd subwave correction of C wave of (Y) wave down as discussed in earlier update. Any three wave bounce up between 3530-3630 zone will be good short sell trading opportunity for next move down as C wave as far as it remains below 3707 as invalidation level.
An opportunity in BRITANNIA INDS HELLO TRADERS, Today we wil discussion on BRITANNIA INDS . as we see in this chart it takes support at 3300 approx three times , so that means we may make a buy position on this stock at the level of above 3500 with a stop loss 3350 for the TGT of 3700 , immediately. so its your choice.