Britannia rebounds near 4,760, the cloud remains overhead
BRITANNIA closed at ₹4,825 after gaining 1.7%, following a test of the ₹4,760 area. The latest green candle shows some buying at lower levels, but it comes after a sustained decline from the ₹6,000 region and does not yet confirm a reversal.
Price is still below the Tenkan-sen at ₹4,834 and Kijun-sen near ₹4,953. The Ichimoku cloud begins around ₹4,893 and extends towards ₹5,212, creating a large resistance zone above the current price.
₹4,760 is the first support. A break below it can bring the ₹4,650 zone into focus. On the upside, ₹4,834 is the first hurdle, followed by the ₹4,893–₹4,953 band. Consumer demand, pricing power and raw-material costs remain important variables for the packaged-food segment.
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