Investors have paid higher prices over time to buy Britannia Industries Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise.
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The price has also broken a resistance level and given a positive signal for the long-term trading range. The stock has marginally broken up through resistance at rupee 4630. An established break predicts a further rise. The stock is overall assessed as technically positive for the medium long term.