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Stock picks by Ajit Mishra of Religare Broking: Buy Britannia Ind, Dabur

After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020

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RBL Bank has been consolidating in a range of Rs 160-195 levels for the last two months, after a sharp rebound from its record low

Ajit Mishra Mumbai

2 min read Last Updated : Aug 26 2020 | 8:08 AM IST

Britannia Industries

Recommendation: Buy

Last Close: Rs 3,896.85

Initiation range: Rs 3,870-3,890

Target: Rs 4,200

Stop loss: Rs 3,740

Britannia has been among the top-performing FMCG counters for the last several years. After a sharp dip in March 2020, it recovered almost vertically and made a new record high at Rs 4,010 in July 2020. It’s currently hovering in a range while holding firmly above the support zone of short term moving average (20 EMA) around its record high. Indications are in the favor of prevailing consolidation to end soon. Traders should use this pause to accumulate the stock in

Topics : Stock calls Markets Trading strategies Market technicals Britannia Industries Dabur India RBL Bank Religare

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