Godrej Ind...A good medium term buy..

Godrej ind after making a high of 502.6 on 17/12/2007has witnessed a sharp correction till 46 on 24/11/2008..This can be labelled as larger degree wave (1) and (2)..After this low it has been making higher highs and higher lows on weekly charts..4 smaller degrees 1,2 of the larger degree third can be identified...This scrip will be a multibagger in coming years....
There is inverse head and shoulder breakout seen....Buy on dips is recommended...

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Godrej Industries seem to have started the larger degree third wave.....Just ride the power 3rd wave traders...Buy on dips if you get..............

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From 378 to 485 so far.