2 FMCG stocks Osho Krishan of Anand Rathi is bullish on: Buy ITC, Britannia

ITC has certainly provided a trend line breakout on all time frames and is anticipated to surge higher

BUY BRITANNIA | TARGET: Rs 3,700 | STOP LOSS: Rs 3,330

Britannia soared over a per cent in the last trading session post-formation of a ‘Doji candle' on the weekly chart. This is an early sign of reversal in the counter. Even on the weekly time frame, the stock has reversed from the supporting trend line and has started to rally towards the 23.60% Fibonacci retracement of the overall rally. The 14 period RSI has reversed from the oversold region, affirming the bullish stance in the counter. From a risk-reward point of view, one could initiate a long position in the