CLOSED

BRITANNIA
Target Reached

3399.5 0.45%
Close Price
(2021-03-01 07:20:00)
3384.2
Entry Price
(2021-03-01 10:45:00)
3399.5
Target Price
 
3374.2
Stoploss
 
Enter at below 3380.95 | Created on 2021-03-01 05:10:31 and valid till 2021-05-09 18:30:00

Trade rationale

Trendlines

At 10:20am in 5min timeframe bullish engulfing pattern formed with also kind of morning star pattern (respcted pattern in brittania chart observed when backtested) which confimers down trend in brittania can be reversed; and stock was trading above 44ma which confirms there can be upward momentum).Also yeterdays bottom and todays bottom trendline touched at 10:40 .So bought on 1st pullback after 10:35 candle closed above trendline and 44ma.