Buy Britannia Industries, target Rs 3300: Mazhar Mohammad

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Mazhar Mohammad

Britannia Industries registered a fresh breakout from its 8-day old minor consolidation range on relatively higher volumes. Hence, traders shall buy now and add further on declines around Rs 3,100 and look for an initial target of Rs 3,300. A stop loss suggested for the trade is Rs 3,037.

At 11:49 hrs Britannia Industries was quoting at Rs 3,095.00, down Rs 64.25, or 2.03 percent. It has touched an intraday high of Rs 3,184.00 and an intraday low of Rs 3,094.50.

Disclaimer: The author is Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.