Company Website
britannia.co.in
Presence in more than 60+ countries across the globe
Top 3 FMCG giant India
Ex RBI Governor Urjit Patel is the Additional Director of board.
Sales are flat/ slow riser, cash flow has 4x'd in 5 years = looking at small expansions in Africa, one of the areas it sells along with the Middle East, Nepal
No pledged shares, net debt...
NSE:BRITANNIA long time consolidation breaks upside resistance.
My entry point is 3800, will hold till 4150. (following stoploss trial)
My stop loss will 3700 (100 points only)
Note: This is my personal analysis, only for learning.
Britannia gave us a buy signal at 2865 then made a high of 3288 and then retraced back to 2865 took a support at the earlier resistance of 2865,Now it is again giving an attempt to cross 3196 for the fourth time.Let's wait and see the candle formation near this big hurdle and then we will decide the futher course of action.But keep on radar this will be a very...
