GODIGIT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Go Digit General Insurance Ltd (GODIGIT)

📈 Trend Analysis

Current Price (₹353) is hovering around the 50-DMA (₹354) and above the 200-DMA (₹335) — indicating a neutral-to-bullish setup, but lacking strong momentum.

52-week Index at 63.3% suggests the stock is trading in the upper-middle range of its yearly band (₹265–₹404), showing partial recovery.

Trend Status: Consolidating, with no clear breakout or breakdown.

🔍 Momentum Indicators

RSI (45.0): In the neutral-to-weak zone, indicating lack of momentum and caution for further upside.

MACD (-1.34): Slightly negative — suggests bearish divergence and short-term weakness.

Volume: At 2.79L, slightly above 1-week average (2.50L) — indicates mild interest, but not strong accumulation.

📊 Chart Patterns & Moving Averages

Price is hovering around the 50-DMA, showing indecision.

Support Levels

₹335 (200-DMA)

₹320 (recent swing low)

Resistance Levels

₹365–₹370 (recent top zone)

₹404 (52-week high)

📉 Bollinger Bands

Price is likely near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout to confirm next directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 335–345 Near 200-DMA and support zone

Exit (Short-Term) 365–385 Resistance zone, potential reversal

Stop Loss 320 Below swing low and trendline

🧭 Summary

Trend: Consolidating

Momentum: Weak and indecisive

Volatility: Low, with breakout potential

Ideal Strategy: Accumulate near ₹335–₹345 with target ₹365–₹385. Wait for MACD crossover and RSI above 50 for confirmation of strength.

Let me know if you'd like to compare this setup with other insurance or fintech stocks for broader positioning.

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