Godrej Industries - 6Month Buy - Dewang K Mehta

Dear All,

In our previous post on Godrej Industries (http://denipconsultants.blogspot.com/2011/07/godrej-industries-6month-buy-dewang-k.html), we asked fellow investors to book out profits in Godrej industries on the 7^th of July 2011 around 222 levels. We advise you’ll to re-enter this stock below 207 levels for a test of 231 levels again. We also believe that the target of 250 is still intact.

If we are to consider yesterday’s close of 211, we have saved at least 11Rs or close to 5% in this month alone. I would ideally want to buy it around the 205 levels but I am not too sure if it will fall to those levels. Below 210 is a good entry for this stock but patience is a must.

Thanks,

Dewang K Mehta

DENIP Consultants 

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Godrej Industries - 6Month Buy - Dewang K Mehta

Dear All,

On June 16^th we said that Godrej industries (http://denipconsultants.blogspot.com/2011/06/godrej-industries-technical-view-enter.html) could soon test 250 levels and today i.e. the 7^th July 2011, it made a high of 229.7 and gave a close of 222.6. We have clocked a 10% return at the very minimum in under a month.

We advise part profit booking at current levels of 222+.

Please click on the image to get an enlarged view.

Thanks,
Dewang K Mehta
DENIP Consultants Pvt. Ltd.
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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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