BRITANNIA trade ideas
BritanniaSo the negativity after a disappointing Quarterly Results show seems to have been factored in the price, bears have brought the stock back to 2018 lows around 2600! First signs of bulls visible today, but is it just some short covering? Let's find out! Trade looks rewarding compared to the risk involved, I see a BUY with a Stop loss of 2600 for a target of 2900 atleast!
BritanniaBuy 6358-62, 6390+, SL 6350. Strong uptrend in FMCG segment. Strong OI support at lower Puts. Immediate resistance at 6400 Calls.
BritanniaBuy 6529-33, Trgt 6555+, SL 6525. Nifty is has little impression on this stock – an FMCG biggy. Strong uptrend.
Start shorting BRITANNIA here via futures or options Start shorting BRITANNIA here via futures or options
