See up move in Britannia Industries: Sukhani

See up move in Britannia Industries, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Union Bank of India had a fantastic rally from Rs 150 to Rs 230 and then went through a brief decline and that decline is over now. It is now resuming its uptrend. This uptrend should take it to new highs. It’s a good stock."
He further added, "Public sector undertakings (PSU) are divided in two parts, the bullish PSU banks and surprisingly the bearish ones and this is the bullish one. I think yesterday was a narrow range day, today we should see significant follow-through on the upside."
"Britannia Industries is not actively traded at all and the reason why we put it in this list is that sometimes these blue chip stocks give significant and stupendous breakouts all of a sudden, maybe Britannia will do it, if not today, next week. It’s readily poised for that. It has made a bullish head and shoulder pattern after a small correction and it is ready to move up. Now these up moves sometimes come in a sudden burst. It’s worth taking a trade on the long side." Disclosure: I have no holdings in the above stocks.