Buy Britannia Industries Ltd :: Edelweiss, link

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Just like its ‘Good Day’ cookies and ‘Bourbon’ biscuits, investors tasting success with the Britannia stock price rising steadily. The stock price has jumped by ~90% year-to-date (YTD) in 2014.

The price on the weekly chart is trending bullish, forming a higher top, higher bottom pattern since 1996 and has never looked back. In the whole rally from Rs. 19 in 1996 to Rs. 1745 in Dec’ 2014, the price had just retraced by 61.80% Fibonacci levels twice. Prices are showing bullish reversal post the hammer candlestick at the 9WEMA, which indicates resumption of a bullish trend.

LINK
https://www.edelweiss.in/research/Udaan--Buy-Britannia-Industries-Ltd/10005261.html