A observation of the chart of Godrej Industries tells you one thing – the stock likes to consolidate a lot. Since the rise in 200, the stock moves higher and then falls back to consolidate before attempting and making a fresh peak. Unfortunately that pattern seems to have ended in 2013 and since Jan has been in a pretty long term consolidation pattern.
While even now, the break-out is yet to happen, as you can see on the chart, the stock has finally been able to close above the recent peaks. Lack of volumes mean that there is still a probability of a re-test of the 200 EMA (currently at 280) which would then be a ideal point to enter the stock.
On the other hand, if the stock continues to rise, a break-out above 330 would be the place to enter