GODFREY PHILLIP

Godfrey Phillip after hitting lows has shown first sign of recovery.

Seems to have comfortably crossed the 20 and 50 EMAs.

If the move sustains then this has a potential to rise above 800 levels in short term.

REDINGTON

CMP Rs. 110.

The stochastic on weekly is below 20 and monthly stochastic crossing 30 down. The stock has been hammered and in a down trend since a long time. 

However the MACD weekly is showing formation of positive divergence with volumes seen coming in which may push the stock up till 130 - 135 range with a SL of 100.