1 min read Last Updated : Sep 13 2019 | 8:07 AM IST
Buy Britannia September Future at Rs 2,673
Stop Loss of Rs 2,630
Target: Rs 2,750
Lot Size: 200
Rationale:
Accumulation of Long build up is seen in the Britannia Futures’ in the September series till now, where we have rise in open interest (OI) with price consolidation;
Stock has formed bullish hammer pattern on the weekly charts for the week ending August 23;
It is consolidating near 50-day simple moving average (SMA) after sharp rise during the fag-end of August; &
Oscillators and Momentum indicators like RSI and MACD showing strength in the stock on the daily and weekly charts.
 "buy")
