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Published on 18/09/2020 12:44:37 PM | Source: Motilal Oswal Financial Services Ltd

Buy Britannia Ltd For Target Rs. 4050 - Motilal Oswal

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Technical Trading Idea

* Britannia took support at 50 DEMA and started rebounding from last few days. It gave a range breakout on daily chart with healthy volumes. RSI oscillator is also moving in northward direction and gave a trend line breakout on daily scale, indicating strength in the counter.

* Considering current price structure, we maintain our positive stance on the stock and reiterate buying advice for an up move towards 4050 levels with stop loss of 3730.

Buy Britannia Ltd @ 2-3 Days CMP 3815 TGT 4050 SL 3730

 

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