Pritesh Mehta of IIFL told CNBC-TV18, "On the daily charts Godrej Industries has given an upward breakout from a downward sloping channel. Now this suggests that the downtrend in the stock has ended and is likely to reverse on the upside. Moreover this upside breakout has been accompanied by a positive crossover. Now I believe that above Rs 282 the momentum is going to accelerate and we can see levels of Rs 295."
The share touched its 52-week high Rs 331.95 and 52-week low Rs 218.50 on 09 January, 2013 and 28 August, 2013, respectively.
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