Buy Godrej Industries on dips: Sukhani

Buy Godrej Industries on dips, says Sudarshan Sukhani of s2analytics.com.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money Realasset
moneycontrol.com

Home » News » Stocks Views

Apr 20, 2012, 10.39 AM | Source: CNBC-TV18

Buy Godrej Industries on dips: Sukhani

Buy Godrej Industries on dips, says Sudarshan Sukhani of s2analytics.com.

Like this story, share it with millions of investors on M3

Buy Godrej Industries on dips: Sukhani

Buy Godrej Industries on dips, says Sudarshan Sukhani of s2analytics.com.

Post Your Comments

Share Cancel

Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Buy Godrej Industries on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "First of all Godrej Industries is making those new highs. Now for the last 3 days it’s in a very narrow range consolidating. At least stocks can't consolidate for long, while the index can do that for much longer. This consolidation is going to end and because of the strong up trend that we are seeing in Godrej it’s reasonable to assume that it will breakout on the upside and continue its upmove. It’s an excellent stock to be in; it’s a buy on dips stock. I have explained earlier it’s in the same position as Hindustan Unilever was when it was trading at Rs 300."

He further added, I had thought that after that big decline on IGL, Petronet also fell and maybe there will be a buy on dips opportunity but that has not happened. Petronet LNG has now actually weakened, it has come back to the levels at which it closed on the IGL news day, so there has been no rally essentially. If there is no rally, if the market is responding to bad news, if support levels are willing to be broken then we should be short. At the worst, we will have a correction because that Rs 155 level is now being taken out on the downside, so that correction should be tradable."

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy Godrej Industries on dips: Sukhani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login