Britannia has given breakout from the bottom it has made between 435 and 460 level making SAUCER pattern on daily chart. Upper limit of SAUCER is 490 from where it came down in past 3 to 4 times. Stock is coming to this level 490 again as seen in daily chart and should break this resistance in coming days.
One should buy this stock at CMP of 475 (as on friday 3rd Feb 12) with target of 500 in short term.
Stop loss at 460 recommended.
