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Britanniaanalysis

Britannia is ready to leave the ground and start flying Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another nifty50 stock which is trading at important support zone, Probability is high it can take off means it can leave the ground and flying in blue sky.. I am expecting minimum 35%+ move in this swing, if you check chart above i have shown every swing since it has given a breakout in November 2022, and then it is just making higher highs and higher lows channel and respecting the upward support trendline, this time again we have seen correction in many stocks so britannia also corrected and it is just trading above to Upward support trendline, i am expecting it will surely take support in this zone and fly in blue sky. I already have mention the levels above for stop loss and targets please follow in your trading. Fundamental Analysis D/E is 0.52 Interest Coverage ratio is 18.77 D/E 0.52 has reduced as compared to last year's D/E 0.84 ROCE is 49.25% ROE is 57.1% ROCE 49.25% is higher than 5 years ROCE average 45.76% ROE 57.1% is higher than 5 years ROE average 52.47% Operating Profit Margin (EBITDA Margin) is 18.9% Operating Profit Margin (EBITDA Margin) 18.9% has improved as compared to last year's OPM 17.11% NPM is 12.76% Dividend Yield is 1.5% Free Cash Flow yield is 1.72% Company has a negative Cash Conversion Days of -27.09 Dividend pay-out is 82.75% of Net Profit 3 Years Sales CAGR is 13.07% 3 Years Profit CAGR is 15.11% FII have increased their stakes by 0.5% in the latest quarter (17.41% to 17.91%) Retail/Public have reduced their stakes by 0.46% in the latest quarter (16.69% to 16.23%) Retail/Public have reduced their stakes by 4.71% in last 3 years Promoters + FIIs + DIIs hold 84.69% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:BRITANNIALong
by TraderRahulPal
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.
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