Britannia bull
current price 4539
Target 5200 positional trade .
for reference see the chart
Note : this is for educational purpose only.
BRITANNIA1!02-12
Daily chart of BRITANNIA1!
LTP: 4417.75
There is a clear bearish divergence in RSI.
The candles are now resisting the highs.
The gap between 200 EMA and the candles is not healthy.
Aggressive traders can go short and safe traders can wait for 4200 levels to buy on dips.
#BRITANNIA#BRITANNIA last trading session formed bullinsh patern,
yesterday trading lower level and trading our retracement level,
we can buy around 34400-425 and tgt 3478, posistional tgt 3526 and
follow SL 3345 closing basis.
Britania may breakout from triangle1. RSI seems positive
2. edge of triangle
3. FMCG index is bullish
4. taken support fib level 0.382
See all ideas
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Frequently Asked Questions
The current price of BRITANNIA INDS FUTURES is 5,051.60 INR — it has fallen −1.29% in the past 24 hours. Watch BRITANNIA INDS FUTURES price in more detail on the chart.
The volume of BRITANNIA INDS FUTURES is 3.50 K. Track more important stats on the BRITANNIA INDS FUTURES chart.
The nearest expiration date for BRITANNIA INDS FUTURES is Jan 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell BRITANNIA INDS FUTURES before Jan 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For BRITANNIA INDS FUTURES this number is 14.90 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for BRITANNIA INDS FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for BRITANNIA INDS FUTURES. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of BRITANNIA INDS FUTURES technicals for a more comprehensive analysis.