Get started

BRITANNIA

Britannia India - Classic Base & Break at play near LTHThe right way to make money in low volatility stocks is via calls and puts (as they are generally priced much lower than the expected move). The risk reward in this case can be far better than just plain cash buying (so 1:3 or 1:4 at times) Britannia is fundamentally strong (good results, ROE, etc) - healthy management commentary. This is an update as the stock nears another LTH (previous around 4500 was cleared a few weeks back Basing around 5000 as the mean and holding the 21 EMA well Earnings expected soon - and following the leaders ITC upwards Call options are very cheap at 17% IV for a Risk to Reward of 1:3
NSE:BRITANNIALong
by kunal_finner
2
Britannia India is hanging Around under Life Time HighI recorded a short video to talk about the process of looking at a stock. Starting with the fundamentals and then coming to the short term movements. This is more educational in nature and can help avoiding mistakes like Looking at chart patterns and taking trades - only to see the stop loss getting hit Overtrading, getting out of good trades early - getting faked out because of news Why listening to "Nifty Analysis" and CNBC / Bloomberg is actually very harmful to good trading How a good stock analysis process always starts with the "Monthly Chart" - and not the 5 min or the 15 min Why trading doesnt necessarily mean making 2 or 3% on a trade - it should mean making 20-30% on some trades Of course Britannia is the key trade to look at here - where to take a position and how to manage it. But the lessons i have learnt through painful losses are probably as vaulable.
NSE:BRITANNIA
by kunal_finner
4
Britannia India pre-break out homework for good tradersBritannia touched a LTH within a consolidation. Here are things to look at Stock pattern Figuring out institutional positioning How do we as retail traders prepare and what homework to do Setting up alerts on this stock at 4700 and 5000 - and why Optional - Maximize gains through options when you are right - make 2-3X more than stock. Or just buy cash equities for decent returns Please do let me know in the comments if you would like to know anything about the process or would like me to explain some concepts in more depth
NSE:BRITANNIALong
by kunal_finner
7
NSE Britannia – The Last Move of CorrectionTimeframe: 4h As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C. If the price breaks down the low of wave c at 4314 , Traders can sell for the following targets: 4266 – 4236 – 4214 . A trade should only be initiated after a breakdown has occurred. There are two price clusters where prices can reverse: Wave C can be accomplished at 0.382 Fibonacci retracements of wave 3 at 4214.65 . Wave A=C at 4187 . As shown in the chart, it forms a cluster range. Wave C can occur at 0.5 Fibonacci retracements of wave 3 at 4114 . Additionally, a correction occurs near the previous wave.
NSE:BRITANNIAShort
by forextidings
8
IS BRITANNIA THE HOTTEST INVESTMENT OF 2023?In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets. - NSE Britannia – The Last Move of Correction Timeframe: Daily NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the most common retracements. According to the Elliott wave principle, the impulsive cycle can only confirm after the breakout of the previous corrective wave. Price has broken out the correction channel, but wave B must break for the 5th wave to form. If the price breaks out wave B at 4407, traders can trade for the following targets: 4456 – 4500 – 4558 +. However, failure will continue its corrective formation and lead to a new low. In case of failure, we will change our position with selling targets.
Editors' picks
NSE:BRITANNIALong
by forextidings
8
BRITANNIA - Ichimoku Bullish Breakout Stock Name - Britannia Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 4304 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:BRITANNIALong
by nikunjbhadja
Britannia Industries Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since September 2021, NSE:BRITANNIA has given a breakout today. Buy with a stop just below ₹3800. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 21% and quarterly profit growth is at 28% 2. 10 year and 5 year average ROE more than 20% 3. Interest Coverage at 13.8 (greater than 3 is good) and FCF to CFO at 73% 4. Dividend yield at 1.37% (consistent dividend payer since 2011) Weaknesses: - 1. Stock is trading at 48.9 times of its book value 2. The company has delivered a poor sales growth of 9.32% over the past five years. 3. Borrowings increased to 3038 Cr in March 2022 from 2481 Cr in March 2021 4. Debt to equity at 1.49 (greater than 1 is not good) 5. On 16th August the credit rating agency ICRA revised its outlook from stable to negative. It has said in its credit rating report, "The revision in the outlook on the long-term rating of Britannia Industries Limited (BIL or the company) reflects the gradual weakening in the liquidity position of the company primarily on account of higher dividend pay-outs over the last three years, issue of bonus debentures to the shareholders and an increase in short-term borrowings (please go through the credit rating report for better understanding) Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:BRITANNIALong
by akashbothra