BROWNS INVESTMENTS PLC : BIL.N0000 : CSEBIL is currently trading at lowest ever valuations.
With FY 2024/25 results
NAV 13.58
EPS 4.01
PE 2.04
PBV 0.6
2022 Jan Peak
NAV 4.72
EPS -0.31
PE
PBV 3.89
Browns Investments Plc
No trades
Market insights
BROWNS INVESTMENTS PLC : BIL.N0000 : CSETechnical Analysis (Chart Patterns)
* BIL is about to break out from a reverse head & shoulder pattern indicating a bottoming out process
* Probable pattern target LKR 9.40 (if breaks out)
BIL.N Daily ChartThis chart and analysis are not financial advice. Do your own research before trading or investing.
Bullish Signals:
Inverse Head and Shoulders Pattern: The formation of the head at the bottom around LKR 4.0 and the right shoulder around LKR 4.4 confirms a potential bullish reversal. We could see a strong upward move once prices break above the neckline (currently around LKR 5.8 - 6.0).
Volume Confirmation: The breakout towards LKR 6.0 is accompanied by a noticeable increase in volume. This positive sign confirms buying interest, which often leads to further gains.
Moving Averages Support: The price has crossed above key moving averages, which now act as support (yellow, purple, and blue lines). These provide additional bullish momentum and stability as the price heads higher.
Fibonacci Levels: Key resistance levels drawn from the Fibonacci retracement suggest that the price could target LKR 6.4 and LKR 6.8 after breaking through the current resistance around LKR 5.8 - 6.0. This aligns with the upside potential of the inverse head-and-shoulders pattern.
RSI Momentum: The Relative Strength Index (RSI) is currently at 72.87, indicating strong upward momentum. Although approaching overbought territory, this is often common in the early stages of bullish breakouts.
Risks & Considerations:
Neckline Resistance (LKR 5.8 - 6.0): While momentum is building, the zone between LKR 5.8 and 6.0 is a key resistance level. Failure to break above this level convincingly could result in a pullback towards support levels, such as LKR 5.4 or LKR 5.2.
Overbought RSI: The RSI, which is near 73, suggests that the market may be overbought in the short term. A possible cooling-off period could result in sideways movement or a brief correction before the next leg up.
Trendline Resistance: The chart shows multiple trendlines (TL #1, TL #2, TL #3) that could act as resistance on the way up. TL #2 near LKR 6.2 and TL #3 near LKR 6.7 are especially important levels to watch out for. Price action at these levels should be monitored for signs of exhaustion or continuation.
BIL.NThis chart and analysis are not financial advice. Do your own research before trading or investing.
BIL.N is setting the stage for a potential breakout! A massive inverse head and shoulders pattern is forming, hinting at a bullish reversal. This bullish case is further strengthened by the price action trapped within a falling wedge, another bullish continuation pattern. While a bearish divergence looms on the weekly chart, it could be a spent force – fully priced in by the market. With the weight of both chart patterns leaning bullish, the divergence might lack the power to hold back a potential surge.
Brown Investments - BILThis chart and analysis are not financial advice. Do your own research before trading or investing.
BILBIL Daily
This chart and analysis are not financial advice. Do your own research before trading or investing.
BIL.N0000 (CSE/Colombo Stock Exchange)Fundamentals
* 9M EPS LKR 1.53
* PE - 4 (@ LTP LKR 6.20)
* NAV - LKR 9.65
* PBV - 0.64
* Largest shareholder of HNB
Fundamental business outlook
** If ISB re-structuring achieved with no haircuts prompting HNB to reverse 100% provisions, a positive impact of LKR 1.23/share of BIL will occur.
Technical Analysis (Chart Patterns)
* With the breaking of LKR 5.80, BILs with a confirmed C&H Break Out.
Potential Pattern Targets
* Ascending triangle (handle of C7H pattern) LKR 6.60
* Cup & handle pattern target LKR 7.60
* 2 yearlong Descending Wedge breakout target LKR 10.50
BIL Bulls Taking Charge [Sri Lanka]All technical indicators indicate that BIL will once again reach double digits this year. BIL reached an all-time high of LKR 19.2 in the December 2021 bull run, only to later retrace by 80% to LKR 3.9 in April 2022. BIL appears to have consolidated between LKR 8.2 (0.618 Fib Retracement) and LKR 5.2 (0.786 Fib Retracement) in the subsequent 24 months.
EMA - Trading above the 15/30/65 EMA
Pivot Points - 4H/24H/1W pivot points are bullish
Volume - Increased interest on the counter in the last 3 weeks as volumes spiked
Outlook
I expect BIL bulls to easily reach LKR 7.1 within the next 20 market days. Resistance would appear at LKR 6.6, but selling pressure will be absorbed.
BIL will resume its journey towards double digits, encountering resistance at LKR 8.0, only to be absorbed.
The trade idea will be invalidated if the price drops below LKR 3.9.
Investing carries inherent risks. Please Do Your Own Research (DYOR).
BIL.N0000 - Strong Support, Buy and Sell ZonesIf you missed the chance to buy BIL less than 5, you can wait for a pullback to buy zone in the chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
BIL.N - BROWNS INVESTMENTS PLCThis chart and analysis are not financial advice. Do your own research before trading or investing.
BIL.N - BROWNS INVESTMENTS PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:BIL.N0000
BIL closed above the 25 week trendline support and 30 DMA.
FIB 0.786 is current resistance and price is inline with that level.
MACD is looking to move towards the positive side while RSI is also looking good.
BIL.N - BROWNS INVESTMENTS PLCCSELK:BIL.N0000
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
BIL has broke its falling wedge upper trend line.
Also there was bullish divergence no we can assume that it has been validated.
It touched the resistance line created by the supporting trend line of 52 week low. and closed on it.
Overall volume wise there need to be more improvement.
BIL.N - BROWNS INVESTMENTS PLCCSELK:BIL.N0000
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
BIL.N
01. Share price moved above the upper trend line of the falling wedge pattern and closed on the trend line.
02. MA 20 is at 5.90 and resistance zone 6.00-6.20 will be the next hurdle.
BIL.N - BROWNS INVESTMENTS PLCCSELK:BIL.N0000
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
BIL.N
01. Falling wedge pattern invalidated.
02. Currently holding at the support 5.30 - 5.20.
03. RSI is in oversold zone.
04. BIL.N took support from a important trend line.
BIL.N - BROWNS INVESTMENTS PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:BIL.N0000
BILit has broken a trendline but currently as a good demand zone. However losing that can take prices to 5.5
again another counter to buy at two entries.
smaller time frames below 1hr shows bullish divergences
BILSimple breakout retest and back up structure.
however note that DMA200 is currently still working as overhead resistance
BIL | Trade/Analysis Trade Book: CT-LC
Trade No: 154/155
Stop-Loss: 5.9
Reason for Trade: If the stock continues to follow the expanding triangle pattern , it may move upwards to test the 200-day moving average and Fibonacci retracement level of 0.786, which is at the 7.0 level.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
BIL | Taking a wait and see approach. Since the stock has invalidated the inverted head and shoulder pattern shared in my previous chart, it may be best to take a wait-and-see approach. A bullish scenario would involve the stock staying above the ascending trendline while the RSI remains above its descending trendline. However, if the price or RSI closes below both trendlines, it may indicate a bearish continuation of price movement.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
BIL | Inverted H&SThe stock has broken out of the inverted head and shoulder pattern through the neckline resistance at 6.20. However, it has yet to break through the descending trendline resistance and the 30-day moving average. The existing head and shoulders and RSI trendline breakouts suggest a potential bullish movement of the stock.
