New Delhi, Jan. 27 -- FMCG stocks outperformed the market on Friday. If we analyse the chart of Britannia, it has given a head & shoulders breakout on a smaller time frame. A good rally is expected with a low-risk stop loss.

On a longer time frame, the stock is trading within a range despite a major sell-off in the broader market, which highlights its strength. The stock has taken support from a major demand zone ( Rs.5,752-5,712) and we can expect a pullback up to Rs.5,820. If this level sustains, a further move of 80-100 points in the stock is anticipated.

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In the 15-minute time frame, the stock has given a head & shoulders breakout. Additionally, as discussed, the FMCG sector is ...