BRITANNIA trade ideas
Britannia ind short entry for swing Price reached at point of previous selling zone indicated by trendline connecting top of jul2020, aug2021 on monthly closing basis , in weekly chart there is upside possible of another 200 points, but rsi at a place where it started going down for last 2 times on weekly chart. Any indication on daily could be an entry to go short for swing gain.
Britannia Industry Weekly AnalysisNSE:BRITANNIA
Formed NR4 and inside candles near resistance zone.
Clear Breakout and sustain above 3800 is important
Already give clear BO of trendline and sustained near resistance zone with LHLH structure
Above 3862 can have T1 3950, T2 4000 T3 4150 with Stop loss of 3690
Dont Buy On Top
> Today BRITANIA moved by 9%(dont know ...any news or what) . This is a huge move for a large cap stock.
> Now BRITANIA is talk of town :)
> It touched ALL TIME HIGH {first time-> act as a resistance or cannot cross in a single punch}
> As per Technical analysis it will start to correct to some levels or consolidate but less probability for more upside.
>We should wait for correction to enter at buying level.
> Buying zone-3550-3630
Britannia full price action and market structure understanding I daily make educational content videos on financial markets
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.
Go LongGo Long on Britannia, wonderful breakout, had been waiting for long time. As long as it is above the trending line, hold it.
#Britannia - short, for now#Britannia - though the stock seems in a long-term positive trend, it could be headed for a short-term correction, before continuing it's upwards journey. all levels mentioned on the chart and below, as well:
Enter @ CMP: 3695
SL: 3920
Target: 3320
Britannia looking good for intradayChart looking good on 1 hr timeframe..
Got rejected multiple times from its Resistance if break the resistance we can go long.
BRITANNIA LONG TRADE (Intraday OCT 11)BRITANNIA has made bullish engulfing candle by taking support at daily level. Now in 15 min it has broke channel pattern and now if it takes support then watch it and expect upside move . Thank you !
Britannia quick PROFITBritannia gives a chance for a long trade after breaking out of its consolidation zone and has now made a pullback to the resistance of that same zone while giving a rejection of the 50ema giving us all the confluence we need
Favourable risk to reward with a quick profit
Stop loss below 50ema
Keep It Simple
britanniaa single red candle eat a trend and forming expanding pattern may be price will fall up to lower support zones
Britannia : A little patience is needed (Bulls)NSE:BRITANNIA
1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.
Britannia- C&H Pattern + BullishBritannia has consolidated for couple of months and given a green signal to go ahead and buy. During Last one week though Nifty was down by almost 500 points, this stock stood steadily like a rock and waited for an up-move. Time is ripe to buy during a corrected market probably tomorrow.-)
long tradegoing long keeping stop 3730
target levels to watch - 3795, 3830, 3875
disclaimer - for study purpose only
Britannia traps the BEARS !Britannia has formed a beautiful bear trap and gives a perfect entry opportunity on above average volume taking support from the base of its triangle pattern.
Target can be taken as the height of the triangle.
Stop loss below the bear candle
Psychology behind the bear trap:On the break of the support, many people would short the market in hopes of it falling lower but as buying pressure took control, all these sellers are trapped on the bull side and have to cover their loss and additional buying will contribute to the upward push of price
Breakdown in BritanniaThis post is only for educational purpose. Kindly do your own analysis before taking any trade.
Britannia started making lower low i.e. Change in Market Structure.
It gave a breakdown and retested the resistance.
Aggressive trader can short below 3675 and conservative trader can short below 3600.
Stoploss: 3730
Tarrget: 3414
britannialooks good above 3600 , if holds 3600 . can expect 4000 in few upcoming months . major hurdle is placed at 3725. above 3725 could expect firework
#Britannia cash : Looks good above 3706.10#Britannia cash -Positional call
23.08.2022
Looks good above 3706.10
Stoploss 3675
Target 3734/3760/3800
Cmp 3678.70
