Cup and Handle Breakout :
Prices have formed a 'Lip' at 38, which will act as support on lower end if prices take a throwback after BO.
Given the volumes and price support this momentum is set to continue till 46- 47.5 levels at least.
TGT: 46- 47.5
Entry: 39-39.5
SL: 38
Britannia Industries Limited is a food company, which is engaged in the manufacture of biscuits, cakes and rusks. The Company operates through the Foods segment, which comprises bakery and dairy products.
Swing Trade Information
Safe SL - 3%
Aggressive SL - 1.5%
Target 1 - 6%
Target 2 - 10%
Target 3 - 15%
NSE:BRITANNIA
LTI has been on a major uptrend and it has potential to go even further. LTI can be bought at CMP and on dips till 4430. There is no fixed target since the stock has no upwards resistance.
SUN TV has given much awaited break down on Daily as Weekly Chart. we may see some free fall in the stock from CMP, Fundamentals of the company looks very poor.
Just a view. Do you R&D before taking any trade.
target - 557 - 551
stop loss at 613
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