BRITANNIA - Falling Wedge + Rounding Bottom -Short Term/Intraday
This analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
One can Zoom out or scroll the chart to see how price reacted the levels previously.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move after forming rounding bottom, check the images linked below
PAGE INDUSTRIES (Monthly)
CERA SANITARYWARE (Monthly)
Also you can check the ideas linked below for more understanding.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
One can Zoom out or scroll the chart to see how price reacted the levels previously.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move after forming rounding bottom, check the images linked below
PAGE INDUSTRIES (Monthly)
CERA SANITARYWARE (Monthly)
Also you can check the ideas linked below for more understanding.
