Sell Godrej Industries, says Pritesh Mehta

Pritesh Mehta, senior technical analyst at IIFL told CNBC-TV18, "Godrej Industries had a sharp breakout from an inverted head and shoulder pattern in the second week of January. Thereafter, it has failed to sustain higher levels.

"In fact it has retraced below the neckline of the breakout pattern and also below its 200-day moving average (DMA), it tells us that the lower levels are coming in. So Godrej Industries can be sold at current levels," he added.

Disclosure: He might have recommended above stock to his clients but no personal holdings.