Britannia Industries is one of Indias leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr. Britannia is among the most trusted food brands, and manufactures Indias favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannias product portfolio includes...
Have Britannia added in your watchlist. It may provide (1:4 risk-reward) positional trade in the upcoming days.
Entry price, SL and target will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational...
- Identifying a potential bullish momentum in Britannia Industries with key indicators signaling positive trends:
1) Sideways Breakout:
Over the last 3 months, Britannia has broken out of a sideways trend, indicating a potential shift in momentum.
2) RSI Caution:
While the Relative Strength Index (RSI) is around 65, suggesting strength, caution is advised as...
Britannia has been consolidating for the past three months and has now broken on the downside.
Results today. Better to wait for an hour to get its reaction and then enter trade.
Stop loss - 4650
target - 4100
Disclaimer: I may or may not enter depending on market and stock circumtances.
A double-bottom setup is spotted on the charts.
All levels are mentioned on the charts. A small bounce-back is anticipated until the support around 4450 is not broken.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Britannia has good support zone at 4485 to 4400 and it is forming a base near this zone. We may see the marked targets with green chart if 4400 remains intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
NSE:BRITANNIA Britannia Industries Limited is an Indian multinational FMCG company specialised in food industry, part of the Wadia Group headed by Nusli Wadia. Founded in 1892 and headquartered in Kolkata, it is one of India's oldest existing companies and best known for its biscuit products.
NSE:BRITANNIA , 1D gave closing above Bullish Hammer. The body of...
The 200 EMA is known for its ability to identify long-term trends. This is because it is a higher EMA. The higher EMAs, like the 200 EMA, focus more on past prices and less on current market prices. That is because the line is derived from 200 past days.
Britannia Industries: Exciting times for #Britannia! 🚀 With recent market movements, it seems like the stock might have hit its bottom. 📉🔄 Keep an eye on this one.
Note: Charts are for educational purpose only
Bullish Bat PRZ - 4643/4656
SL - 4563
Target - 4854/4900
If 4563 Breaches
Bullish Deep Crab PRZ - 4125/4095
SL - 4060
Target - 4534/4661
If 4060 Breaches Vertical Downside.
View Is Bearish, Try To Buy As Near Possible The Stop-Loss.
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Britannia is fundamentally strong (good results, ROE, etc) - healthy management commentary. This is an update as the stock...
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