Trading calls by Ajit Mishra of Religare Broking: Buy Britannia, Lupin

Britannia Industries

Recommendation: Buy

Last Close: Rs 3,650.90

Initiation range: Rs 3,635-3,645

Target: Rs 3,825

Stop loss: Rs 3,530
 

Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle. After retesting the lower band in May, the stock witnessed a decent recovery and surpassed the resistance zone of moving averages ribbon on the daily chart. Its chart pattern combined with buoyancy in the FMCG space is pointing towards a steady up move ahead. 
 

Coromandel International

Recommendation:Buy

Last Close: Rs