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BRITANNIA is expected to test highs after breaking out of ascending triangle with good volume .
Can buy on pullback or CMP for TGT 3145 SL 3085 .
#BRITANNIA CASH
03 OCT 2019
STRONG SUPPORT ZONE FOR SHORT TERM
2830-2850...
IF HOLDS CAN GO 3200-3500 ALSO IN COMING
DAYS
(BEST STOCK FOR INVESTMENT WITH SL CLOSING BELOW 2800)
CMP 2902
Britannia retracing from the 0.786 level also reversing from GAP area which was formed on the 23rd of September. It has also reversing from the support line.
The stock may be bought in the range of Rs 2,940-2,960 for targets of Rs 3,100-3,250, and keep a stop loss below Rs 2,840.
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
