Technical Analysis of Indian Equities by Nooresh

Godrej Industries moves from 195-197 to 229.5- Cheers

In all my posts for the last couple of weeks have been consistently mentioning about Godrej Inds being a favorite for short term as well as long term.

Alongwith it a disclosure the stock has been strongly recommended to our clients at 195-197 and 202-204 with a target price of 220 in short term and much more in the long run.


Please check the link below where have mentioned about the stock-

Godrej Inds Buy call


The stock gave enough opportunities to accumulate in the range of 205. With the current close of 222.5 with large volumes the stock may continue to inch higher.




Disclosure: Have recommended traders to book at 220 and investors to book partially at current levels. The long term positive view maintained and may re-enter sold quantity if dips to 210 –200 levels.


Hope readers cashed in on the opportunity.


Also maintain my bullish stance on other stocks like Pidilite , Smartlink ,Gillette , Cadilla Health which are marginally up from recommended levels but are a safe bet on sharp declines and defensive stocks.


FOR more about our advisory services check or call Kazim 09821237002 or Asif 09833666151



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Article by Nooresh Merani

Nooresh has written 2808 articles.

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{ 1 comment… add one }
  • Rakesh July 8, 2011, 08:58


    Thanks for the great call. Had managed to add 25 @ 180 levels.
    Will take some profits. Keep up the good work.



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