Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth...
Bullish Gartley Pattern Formed.
Hammer formed on DownTrend
Long above 2552.65
Targets are 2565,2589.15,2604.45,2661.2,2696.95,2710.25,2730.4,2747.95++
SL-2668.45
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. The Company's product brands under biscuits category include Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic and Nice Time. Its products under breads include Whole Wheat Breads, White Sandwich Breads and Bread Assortment. Its products under diary category include Cheese, Fresh Dairy and Accompaniments. Its products under cakes category include Bar Cakes, Veg Cakes, Chunk Cake, Nut & Raisin Romance, and Mufills. Its product under rusk category includes Premium Bake. The products of the Company are exported across the world, which include Gulf Cooperation Council Countries (GCC), African Countries and American Countries. Its subsidiaries include Manna Foods Private Limited and International Bakery Products Limited.
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BRITANNIA
