BRITANNIA trade ideas
Britannia - Path to Recovery - Day TFPresently in the strong support zone. 19th Fri Day ended - Spinning Top, Price was negative Change in Futures OI positive with Long Buildup and high equity delivery percentage. Strong reversal signal, but we have to wait for PA confirmation. This week to be watched out. It will be a STRONG BUY if PA confirms this week. Additionally, check VPVR support and accumulation points. This is purely for educational purposes. I do not recommend anyone to buy or sell equity or trade stocks or indexes based on my studies. You are also suggested to see other indicators like MACD, RSI, Stochastic, and EMA.
Britannia waiting for breakout !? It is under hibernation for too long time and currently price is at very strong support level. It is looking for breakout to upper side!
Britannia - Bullish divergence!!! Britannia seems to end its downtrend as it is showing divergence. Time to start collecting this stock!
Note:For educational purpose only!
Britannia Formed Flag pole patternBritannia Formed a Flag pole pattern. Keep an eye to enter in this stock.
Britannia Long on RadarBritannia is approaching the major support zone now from 3300-3400.
Bullish Harmonics Pattern with 0.886 FIB
Mostly likely forming a double bottom (Not confirmed yet)
Waiting for a bullish reversal signs however Bullish Div is clearly seen on Hourly and 2 hourly TF.
Long here in Delivery and/or F&O is a low risk entry with SL below the major support line.
Britannia heading towards lower end of regression channellooks like lower end of regression channel may be broken
Britannia - Bullish DivergenceBritannia has bullish divergence on 2 hr timeframe. taking a trendline support.Target on chart...
Go long on Britannia1) Break out of all-time high (August '18) around May'20 and retested around June 20.
2) New high of 4k was made around July 20.
3) A triangular upward breakout after November 20.
4) Currently it is consolidating between 3570 (lower) and 3680 (upper).
5) Breakout on the upward side gives a target of 4K ( Conservative SL 3500 )
Adding to my Britannia Position READ DESCRIPTION orange line is Stop Loss and Entry is 3600. Good weekly chart and price actions look good on daily too.
Britannia seems to be ready to go to the moon!At H4, I see consolidation and MACD is also giving bullish view. The trend is also up and it is just above the support band.
