Godrejindustries
Godrej Industries looking goodGodrej Industries ltd. is a part of a Godrej group. Godrej is over 125 years old group. Godrej Industries is the holding company of Godrej group. Godrej conglomerate produces products that are related to Chemicals, Financial services, Appliances and a lot of other things. CMP of the stock is 451.30. Negatives of the company are that they have high promoter pledge and Mutual Funds are decreasing stake. Positives of the company are that their net cash flow is increasing and FIIs are increasing their stake in the company. Entry in the stock can be taken after closing above 463. Targets will be 491, 505 and 515. Stop loss in the company should be maintained at closing below 420.
Godrej ind. 75 Min Analysis , Vol Breakout .Trend Is In Consolidating Phase .
*RSI Showing Sellers Are Getting Weak .
Last Price Rejected was Where Highest Vol Traded .
so If breaks Last High Then Become Strong .
If Breaks 282.90 With Bullish Signal Then Go Long . With the Sl Of 173 .
Manage Your Risk Reward According to your Risk Appetite .