Britannia Industries : Prepared for the Next Step..?Britannia Industries' stock price has returned to the 6000 price level, which was previously a resistance level, and will now act as a support level. Additionally, the 50-day moving average support is also at the same level.
In other news, the company has announced a strategic partnership with Bel Group for local cheese manufacturing in India. A factory in Ranjangaon, Maharashtra, will produce 10,000 tons of Britannia The Laughing Cow cheese products each year to meet the growing demands of Indian consumers. The joint venture will invest Rs 220 crore in the cheese plant.
FMCG
FMC Corp | FMC | Long at $58.00NYSE:FMC Corp is currently trading at a P/E ratio 6x and has a 3.98% dividend. It had a very rough year in 2023, but the company estimates improved earnings and growth after 2024. From a technical analysis perspective, it appears to be in an accumulation phase after seeing a low around $50 and wavering between that value and $68 for 11 months. Unless fundamentals change post earnings, it is currently in a personal buy zone at $58.00.
Target #1 - $81.00
Target #2 - $85.00
Target #3 - $90.00
Target #4 - $122.00 (very long-term...)
HINDUSTAN UNILEVER : Updated Price ActionHere are some pointers to keep in mind:
- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum
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Dabur: Resistance Zone !Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the resistance zone since the breakout
- NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
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ITC target 600FMCG major ITC currently trading at 424.90 rupees is going to see a major jump in its share price from the current levels to the levels of around 590-600 giving a return of around 60% from the present levels. The analysis is based on cup with handle chart pattern which can be seen in the chart posted with this analysis. the target will be achieved within this year.
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HUL: Long position mid term (35% returns)HUL has give a strong breakout today (with heavy volume) against its trendline (blue). The price has been in a downtrend since July 2023 forming a rounding bottom pattern with neckline at 2700 and bottom at 2200. The target based on the pattern is 3200 (Upside of 35%) .
Fundamentally, the company is strong and has grown consistently. The P/E valuation and EV/EBITDA are at multiyear low. The stock has been under time correction mode for the last 3 years. The inflation is expected to come down in the coming quarters which will help revive the sales and boost the earnings going forward. The rural demand has picked up as well. All the drivers should set the stock rallying to new ATHs.
Targets:
1) 2450-2500 (range)
2) 2650-2700 (range)
3) 3200
Risks: Given the Nifty has been under selling pressure, there's a risk of this breakout to not push all the way to the targets creating another round of sideways price action.
JUBLFOODTrendline Breakout.
Volume Buildup seen.
Above 20 EMA.
Good for Short term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
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📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Britannia Industries
🔍 Description: FMCG Defensive stock available on Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
TASTY BITE IS ALL SET TO OFFER 12 % ROI AND ITS ATTRACTIVEits LONG SHARE AT PRICE OF 10561 DATE 02.01.2022 OOHO 2023 IT HAS POTENTIAL UPTO 12 % ROI
Tasty Bite Eatables has an operating revenue of Rs. 435.32 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement
for more WSUP ME 8459 220 202
GILLETTE will break its previous highGillette is in the same price range of 2017-18 but it has given a net profit of more than 1643 crores and it is 29% down from its lifetime high. SO it is currently an undervalued stock. If it reaches lifetime high then a profit of 37% is made on the bet but it will surely break the lifetime high and make a new lifetime high. The company has significantly reduced its other costs and increasing it revenue and net profit. It is trading at a lower P/E ratio that its average 10 year P/E. It has a CWIP of 74 crores which means the company is looking for expansion. The company is debt free which makes it a safe share to buy and get huge gains.
Jubilant Food WorksHello and welcome to this analysis
The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds
In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low.
Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
FMCG MovementI love how FMCG has been moving for a long time (2015!). Every time it makes a new high, it reverts and tests precisely the last All time high that acts as a strong support every time.
Can use this idea to short and go long on FMCG stocks accordingly.
Current status for long term is short
BRITANNIA Company Website
britannia.co.in
Presence in more than 60+ countries across the globe
Top 3 FMCG giant India
Ex RBI Governor Urjit Patel is the Additional Director of board.
Sales are flat/ slow riser, cash flow has 4x'd in 5 years = looking at small expansions in Africa, one of the areas it sells along with the Middle East, Nepal
No pledged shares, net debt positive ( Assets much larger than liabilities )
BRANDS-
Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold ( Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. )