GODIGIT - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 3.6

Go Digit General Insurance Ltd (GODIGIT) shows a moderately bullish setup for intraday trading today. While the fundamentals are decent and technicals lean positive, volume and valuation metrics suggest caution. Here's the full breakdown

📉 Technical Overview

RSI (59.8): Approaching overbought territory, but still in a healthy momentum zone.

MACD (+6.01): Bullish crossover confirmed, indicating upward momentum.

Volume (9L vs Avg 41.8L): Significantly below average, which may limit breakout potential.

Price above 50 DMA (344 ₹) and 200 DMA (327 ₹): Bullish short-term and long-term trend.

VWAP (approx 362 ₹): Price is slightly above VWAP, suggesting mild bullish bias.

📈 If You're Looking to Enter Today

Optimal Buy Price: Consider entry above 367 ₹ with confirmation from volume surge and MACD strength.

Profit Target: 373–378 ₹ (minor resistance zones).

Stop Loss: 359 ₹ (recent support and VWAP zone).

🕒 If You're Already Holding Today

Exit Strategy

If price fails to hold above 362 ₹ (VWAP), consider exiting to avoid reversal.

If price drops below 359 ₹, bearish momentum may accelerate—exit to protect capital.

Watch for RSI crossing 65 or MACD flattening as signs of exhaustion.

🧠 Fundamental Highlights

Zero debt, improving quarterly profits (Q-o-Q PAT up 36.5%).

PEG Ratio (1.44) suggests reasonable valuation for growth.

EPS (5.01 ₹) is modest relative to high P/E (73.0), indicating premium pricing.

FII interest rising (+0.42%), but DII trimming (-0.88%)—mixed institutional sentiment.

Would you like me to scan similar mid-cap financial stocks with stronger volume setups? Or help you build a momentum watchlist for next week’s intraday trades?

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