Britanniaanalysis
BRITANNIA - Bullish H&S Pattern in making - Intraday/Short Term This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
R-0163 Cash Buy BRITANNIA @3830.00-3840 SL 3740 TGT 4020Short Term Cash Buy BRITANNIA @3830.00-3840 SL 3740 TGT 4020(Resumption of recent upmove)
About to cross TK line.
MACD cross over
Above VWAP
R-0127 Cash Buy BRITANNIA @3840.00-3850 SL 3760 TGT 4020Short Term Cash Buy BRITANNIA @3840.00-3850 SL 3760 TGT 4020
About to cross TK line + MACD cross over + ichimoku cloud break out so go LONG.
BRITANNIA - BREAKOUT CANDIDATEBRITANNIA - BREAKOUT CANDIDATE
Above 3490 it can move towards 3860 - 4000 levels
Britannia breaching ATHBritannia is attempting to breach its previous All Time High. This will lead to price discovery. My first target would be 4000 as that would end the CD Impulse leg of the ABCD pattern.
Britannia on its fourth attempt to break the hurdleBritannia gave us a buy signal at 2865 then made a high of 3288 and then retraced back to 2865 took a support at the earlier resistance of 2865,Now it is again giving an attempt to cross 3196 for the fourth time.Let's wait and see the candle formation near this big hurdle and then we will decide the futher course of action.But keep on radar this will be a very good trade in near term.
