Brittania - Stock to Watch

Some of the technical understanding on the stock at current levels

• The accumulation and distribution chart shows a small uptick in the recent small channel movement in the price. However, the last trading day has seen a huge block of shares shifting to another investor.
  
• The stock is still trading just below its 200 day moving average.
• MACD is showing no strong signal for a 'buy' or 'sell'
• RSI is still in a comfortable zone at 46

Given nothing impressive on this chart, what is exciting in this stock! Brittania is one stock that I am looking to accumulate in the new future. A wonderful stock (given the sheer strength of its distribution network and its strong product portfolio) that is now under some confusion on its management giving a good opportunity for investors into this stock.

The volume chart is indicating some stability at these levels given the price and accumulation distribution chart movement.

However, here are some key lookouts for the stock. Accumulate the stock at these lower levels which is less than 1120-1150 and look out for some breakouts at 1200 and have targets on the upper side at Rs. 1500. This is one stock for a long term and not for technicals :)