Buy Britannia Industries, target Rs 3300: Mazhar Mohammad

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.

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