RSI is accompanying the price action upward and the thrust upward on Friday should ensure further moves towards Rs 3,800 levels in the near term. Traders can buy this stock with a stop loss at Rs 3,700.
Getty Images overall tenor in the market continues to remain bullish and the FMCG sector has been a bit active. Within the sector, Britannia appears well set to continue higher.
By CK Narayan
The overall tenor in the market continues to remain bullish and the FMCG sector has been a bit active. Within the sector, Britannia appears well set to continue higher.
The chart with Ichimoku lines shows that all the five lines of the system are in bullish mode.
The RSI too is accompanying the price action upward and the thrust upward on Friday should ensure further moves towards Rs 3,800 levels in the near term. Traders can buy this stock with a stop loss at Rs 3,700.
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(The author is a technical analyst and contributor with ET NOW)
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