Godrej Industries - Technical View - Enter above 200 for a target of 250 - Dewang K Mehta

Dear All,

Godrej Industries has fallen from levels of 190 – 200 four times so far in the past few months. However it seems to have created a decent base for itself and is showing a possible volume and price break out of a symmetric triangle pattern.

A close above 200 will take this stock to levels of 250. Hence if this stock does close in the green tomorrow, we advise you to enter this stock above 200 levels for a target of 250. Stop loss if entry is taken and the stock does close above 200 which triggers the entry should be kept at 180.

Stock Name	Entry Point	Profit booking Levels	Stop loss level	% Gain
Godrej Industries	200	250	180	25%

Thanks,

Dewang K Mehta

DENIP Consultants Pvt. Ltd

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