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Published on 7/11/2019 9:42:01 AM | Source: Religare Securities Ltd

Buy Britannia Industries Ltd For Target Rs.3400 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Food Production #Britannia Industries Ltd. #Trading Report #Religare Securities Ltd

Religare Super Ideas

Britannia Industries Limited (BRITANNIA)

After a sharp rally from 2850 to 3400 levels, BRITANNIA has retraced marginally of late and tested its immediate support at 20 EMA on the daily chart around 3200 level. Considering its overall trend, we believe the recent dip is a buying opportunity for those who missed the chance earlier. We advise initiating fresh longs as per the given levels.

Recommendation

Buy Britannia Industries Ltd @ 3220-3230 SL 3110 Target 3400 CMP 3227.85

 

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