karanwealthape

Britannia forming Morning star Pattern at major support & Volume

Длинная
karanwealthape Обновлено   
NSE:BRITANNIA   BRITANNIA INDS
Hi Traders,

Britannia forming Morning star Pattern at major support with good Volume.

Bullish View on stock due to below point:

1) Britannia has taken support at major support (22250-2400) ,which was major consolidation / support zone in Jan -Feb 2018 times. See chart for more detail.

2) It has form reversal pattern of morning star candlestick pattern with good volume.

What Indicator are says:

1) RSI out of oversold position & RSI above 40 will take stock out of bear control.

2) Stochastics RSI has make advance breakout , which tell bull control in near term. See chart for more detail.

Target :
T1 : 2620 (Book 50-70 % as per risk capacity)
T2 : 2730 -2830 zone. (Book remaining 20 % profit)
T3: 2930 zone (Hold remaining 10 % & can add new position if stock sustain good period of time above 200 sma)

Strict Stoploss : 2300 low of Morning star pattern


Happy Learning );

Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Сделка активна:
Entered Long today as per trading plan mentioned above.

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.