BRITANNIA
Perfect Trading Setup- BRITANNIA INDSUTRIES LTD Britannia has break the resistance on daily Timeframe and retested previous resistance that has become a good support on 15 minutes timeframe So my overview is very bullish in this FMCG stock.
It's a perfect Price action for a Swing Trading which can be hold for next few days.
Options selling will be my favourite because 26 September is a expiry and premium will decay fast.
I Always trade with a hedge to minimize losses and also use Stoploss.
This is just my overview after analysing and I am not recommending to trade. This is just for teaching and Observing purpose
Britannia analysisBritannia, after an untiring rally since the beginning of this month, now comes to a halt for another correction.
Entry-1 is on a retest of 5873-75 range as resistance with Stop above this range.
The second entry is below 5801-5800 range, if the price fails to retrace and continues to fall.
Bearish invalidation above resistance range till 5975 as t1 upside level.
BRITANNIA -Bullish Pennant Breakout -DailyBRITANNIA -Bullish Pennant Breakout: Daily
Name - BRITANNIA
Pattern - Bullish Pennant
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5922
Target - 6400
SL - 5865
Pattern : Bullish pennant
A bullish pennant pattern is a pattern in technical analysis that signals a bullish trend continuation after a brief market price consolidation during an already established price uptrend. A bullish pennant is a bullish continuation pattern and not a reversal pattern. A bullish pennant's alternative name is a "rising pennant pattern".
Here are some key fundamental ratios and metrics for Britannia Industries Ltd.:
Key Financial Ratios:
Price to Earnings (P/E) Ratio: 63.48
Price to Book (P/B) Ratio: 40.39
Return on Equity (ROE): 76.04% (FY 2023)
Return on Capital Employed (ROCE): 55.50% (FY 2023)
Debt to Equity Ratio: 0.56
Net Profit Margin: 11.5%
Operating Profit Margin: 15.3%
Earnings Per Share (EPS): ₹83.45
Financial Highlights:
Market Capitalization: ₹1,00,000 crore
Revenue Growth (YoY): 13.2%
Dividend Yield: 1.5%
These metrics provide a snapshot of Britannia Industries Ltd.'s financial health and performance.
Britannia | FMCG | Buy opportunity for 400 points moveHello friends,
In sector #FMCG sector will going to rock soon.
as #Britannia stocks has just breakout with superb move of 400 points in single day. Now it consolidate and soon it looks to break again and may give same move of 300-400 points.
Keep this stock in your tracking list and do your own analysis for this stock and participate on your risk management framework.
Give your like | Comments if you like my post.
Thank you.
Nifty FMCGList of stocks in Nifty FMCG
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Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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BRITANNIA | Investment Pick📊 Details
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 Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
BRITANNIA: Forming Symmetrical Triangle PatternBritannia 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.
Positional_ BritanniaHave 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 purposes only.
Bullish Momentum in Britannia Industries - 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 it approaches overbought territory.
Smart Money Breakout:
The Smart Money Breakout indicator has demonstrated a winning probability of approximately 61.6% (45 out of 73 instances), supporting the current positive momentum.
3) Fibonacci Breakout:
The Fibonacci retracement at 0.3 ratio has been successfully broken, adding confirmation to the bullish outlook.
As always, consider market conditions and stay vigilant while buying, especially with RSI nearing 70.
Britannia out of consolidation modeBritannia 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.
BRITANNIA | FORMING BASE NEAR IT'S SUPPORT ZONEBritannia 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.
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Happy Trading!
InvestPro India Team
$NSE:BRITANNIA,1D formed Bullish HammerNSE: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 today's candle is bigger than previous day body(which means buyer's are interested and volume slightly more than the previous day). It looks like double bottom is in formation.
Entry : 4507.2
Target : 4582/4660
SL : 4420
RR : 0.85/1.75