BRITANNIA: Forming Symmetrical Triangle Pattern

Britannia Industries Ltd is forming a Symmetrical Triangle Pattern as it is about to give a breakout from 4600. Based on the pattern, one can enter around 4600 after the breakout and target can be set around 6250-6300 with Stoploss to be set around 4200. This gives us risk to reward ratio of 3.99. Pattern is forming on weekly chart with horizon of 2-3 year.

Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.

Zlecenie aktywne

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Breakout happened from 4620 level.

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Britannia is on move.. Crossed resistance of 5150-5200.