Budget Bonanza: Expert Rajesh Palviya Recommends Britannia Shares for Strategic Investment Ahead of Budget.

Budget Markets News

With just a few days remaining until the budget announcement, many investors are eager to know which shares to focus on. To help you navigate this, we bring you insights on some promising stocks that could perform well around the budget period.

Expert Insights on Budget Shares

Today, we have Rajesh Palviya from Axis Securities sharing his views on a noteworthy stock for the budget. He believes that Britannia is a strong pick for this time.

Rajesh Palviya’s Analysis on Britannia

According to Rajesh Palviya, Britannia’s stock has shown significant growth in the past. Although it faced a slight correction recently, a closer look at the daily chart reveals a rounding bottom formation. This pattern suggests that the stock is gearing up for an upward movement.

Rajesh points out that Britannia is likely to bounce back, with potential levels reaching between Rs 5550 and Rs 5600. He advises investors to consider entering this stock with a stop loss set at Rs 4800. It’s important to note that this recommendation is made with the budget in mind and is not intended for day trading.

As the budget approaches, staying informed and making strategic decisions can play a crucial role in your investment journey. Keep an eye on these insights as we move closer to the budget announcement.