Sunday, March 28, 2010
Godrej Industries
Godrej hints at 4-5% hike in FMCG prices "FMCG prices are likely to go up because the excise duty has gone up. Input costs are also going up, so I expect in the next two-three months there should be a price increase in several FMCG products,"...
Godrej has been weak but is approaching an important support point at 140.
Buy at 140-144.
Sell opportunities at 164-168 and 188-190
Risk of coming down to 120 on a weak market.
The weekly chart indicates consolidation phase after almost quadrupling last year.
Labels: Stock
by Admin at Sunday, March 28, 2010 |
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